OREANDA-NEWS. National Rating Agency has affirmed its national scale credit rating on Intercommerz CB (LLC) at 'A+'.

The rating is supported by Intercommerz's relatively stable customer base, positive financial performance dynamics and equity increase indicating the owners' commitment to develop the business and maintain the bank's growth rate.

Offsetting these strength are the reducing corporate deposits-to-liabilities ratio, high single-name concentration of corporate deposits, and the considerable growth of the confidence-sensitive retail deposits, which we believe heightens the bank's liquidity risk. We also note that the collateral, despite being of good quality, is insufficient to cover the bank's loan portfolio.