Expert RA Assigned Rating to RIABANK
OREANDA-NEWS. June 18, 2012. Expert RA rating agency assigned B++ (acceptable) creditworthiness rating to RIABANK, forecast "positive".
RIABANK rating is supported by low level of outstanding debts, presence of loans of quality category I and II in credit portfolio, moderately high level of own funds adequacy. The bank is also characterized by moderately high diversification of LE loan portfolio by industries, good loan portfolio security, acceptable quality of securities portfolio.
The Bank creditworthiness is limited by high share of 30 days-attracted-assets, low business profitability and low coverage of operation expenses by net interest and commission revenues.
Expert RA Rating Agency is the first independent rating agency in