OREANDA-NEWS. National Rating Agency has affirmed its 'AA-' credit rating on CentroCredit Bank JSC (CCB).

The rating is supported by CCB's strong competitive position in its market niche (over the period under review, the bank has expanded its customer base, adding, among other things, new large brokerage accounts that have driven the growth of balances), strategic customers and partners with whom the bank has been collaborating effectively for quite a long time, as well as CCB's solid profitability, rising capitalization and capital adequacy ratios that are comfortably above minimum regulatory requirements.

The rating is constrained by the persistently high single name concentration of the bank's loan book and funding base, reflecting the strategic focus of CCB's business.