OREANDA-NEWS. October 22, 2012. According to the agency, the rating is based on the support of ProbusinessBank (the parent bank of the LIFE group), good growth potential and healthy financial results.

Constraining factors include a business concentrated on a single market segment, the high credit risks typical of the retail market, and refinancing opportunities dependent on the financial condition of the LIFE group as a whole.

KB Poidem! is a smaller private-sector bank and a member of the LIFE group, which has loan offices and other service locations in several regions of the country; the group includes seven banking subsidiaries plus Life Factoring, a real estate developer and ProbusinessBank, the mid-sized financial institution at the head of the group. KB Poidem! itself operates exclusively in the retail market, in line with group strategy. Its market positions are growing and there is healthy scope for further development.