OREANDA-NEWS. RusRating has assigned a credit rating to AKB Aktsia OAO (Ivanovo). The rating is “B-” on the national scale and “CCC” on the international scale, in both cases with a stable outlook.

According to the agency, the rating is based on a stable client base, steady financial condition and moderate sensitivity to financial risks.

Constraining factors include high regulatory risk due to a violation of capital adequacy requirements, the modest scale of the Bank's operations and under-developed market positions.

AKB Aktsia is a small private-sector bank that operates in the city of Ivanovo. Its principal shareholders are two private individuals, V.A. Laptev and S.V. Nizov. Operations centre on loans and other services for retail and corporate clients, particularly small and mid-sized enterprises. Recent retail growth has focused on deposits. Investments in securities provide an alternate use of funds but the Bank does not conduct speculative activity.

Relative to assets capital adequacy is high but in absolute terms the Bank's own funds do not quite meet regulatory requirements; capital quality is rated satisfactory. External funding draws on both corporate and retail client resources; concentration by individual creditor is fairly low and stability is rated favourably given past trends and stable ties to key clients. Asset quality is satisfactory. Earnings performance is weak but the net interest margin is healthy. Sensitivity to financial risks is moderate, while exposure to non-financial risks is high. Current liquidity is sufficient and risks associated with the term structure of assets and liabilities are modest.