OREANDA-NEWS. According to the agency, the change in outlook is based on the Bank's integration into the FK Otkritie group, a process whose completion will reinforce its market positions, provide additional financial resources, and widen its range of business and political connections.

The rating is based on a solid and well-developed presence in chosen markets at the national level along with the support of the Bank's owners, who provide financial backing, ensure a stable client base and are well placed to lobby on its behalf in political and business circles.

Constraining factors include limited transparency about affiliated non-bank interests plus an unevenly developed presence across various sectors of the banking market.