OREANDA-NEWS. RusRating has increased Investsocbank's credit rating from “BB” to “BB+” on the national scale and from “B” to “B+” on the international scale. Both ratings have a stable outlook.

According to the agency, the rating increase reflects ongoing growth in the Bank's business, falling sensitivity to credit risks thanks to increased loan loss reserves, and improved financial results.

The rating itself is based on support from the Bank's owners (including a friendly client base), healthy capital adequacy and a favourable assessment of growth prospects.

Constraining factors include weakly-developed market positions, above-average risks arising from assets and liabilities concentrated by individual creditor (debtor) and elevated sensitivity to credit risks.

Investsocbank is a smaller bank that was taken over in December 2011 by a group of private individuals, most notably S.I. Krivoshlykov and his wife. Following the change in ownership the Bank was effectively left without a client base and adopted a client-oriented development strategy based on providing individually-tailored services to stable and profitable enterprises. The current client base draws mainly on its owners' business ties. Investsocbank is not involved in speculative activity.