OREANDA-NEWS. 'Expert RA' rating agency confirmed 'OFK Bank' creditworthiness rating A, which means high credit solvency, the rating outlook is stable, and the rating sub-level is two.

High loan portfolio quality and a good balance of assets and liabilities, by their maturities, in the short-term were regarded as the key factors positive for 'OFK Bank' rating. Low exposure of the securities portfolio to credit and stock exchange risks had a positive impact on the rating. A good balance of assets and liabilities, by their maturities, in the long-term, stable trends for raised funds and acceptable information transparency additionally supported 'OFK Bank' rating.

The Agency's analysts highlight low capital adequacy and encumbered assets as the key rating-restraining factors. The Agency also notes high concentration of active transactions on the major credit risk items and the insufficiently conservative loan provisioning policy.