OREANDA-NEWS. Expert RA rating agency assigned 'Smolensk Bank' creditworthiness rating A, which means high credit solvency; the rating outlook is developing. The developing outlook means that both maintaining and changing the rating are equally probable in the mid-term.

Low concentration of borrowings on major lenders and low probability of major payments during the rating effective period are the key factors having a positive impact on the Bank's creditworthiness. The analysts also note good coverage of operating costs with net interest and commission income.

Low capital adequacy and its suboptimal structure are the main negative factors restraining the Bank rating. The Agency's analysts also note low loan portfolio security.