OREANDA-NEWS. Expert RA rating agency confirmed 'MORDOVPROMSTROYBANK' creditworthiness rating B++, which means acceptable credit solvency. The rating outlook is stable.

Good short-term liquidity and high loan portfolio security support the Bank rating. The minimum assumed currency risk and high coverage of off-balance credit liabilities with highly liquid assets have a positive impact on the rating.

Low capital adequacy combined with suboptimal equity structure and low business profitability were the main factors restraining the Bank's creditworthiness. High concentration of major credit risks and the insufficiently conservative provisioning policy are also typical of the Bank.