OREANDA-NEWS. Expert RA, the Russian rating agency, affirmed ‘A+’ credit rating of Bank Petrocommerce which stands for ‘Very high level of creditworthiness’ with ‘stable’ outlook.

The agency named the following positive factors underpinning the credit rating of the Bank: strong collateralization of loans, well balanced liquidity position in the short run, low credit risk concentration, wide regional presence, strong competitive positions in the Russian banking market, high diversification of the funding base, positive public credit history, and high quality of risk management (the Bank’s risk management system is rated A.rm, the highest rating, by Expert RA).

In 2013, the Bank plans to focus on the development of factoring and leasing operations as well as SMEs lending. Stanislav Volkov, the Head of Credit Institutions Ratings at Expert RA, notes that revenues from these business segments must have a positive impact on the Bank’s profitability.