OREANDA-NEWS. "Expert RA" rating agency assigned ‘Gorod’ Joint Stock Commercial Bank (CJSC) creditworthiness rating A, which means high credit solvency, the rating outlook is stable. The stable outlook means high probability of maintaining the rating in the mid-term.

The acceptable loan portfolio quality and the acceptable RoE of the Bank, combined with acceptable coverage of operating costs with net interest and commission income support the Bank rating.

Low capital adequacy, high concentration of active transactions on major credit risk items and the insufficiently conservative loan provisioning policy were the main factors that restrained the Bank’s creditworthiness.