Rus-Rating affirms SKB-Bank’s rating at BB+

The independent rating agency affirmed SKB-Bank’s Credit Rating at BB+, with Stable rating outlook on August 4, 2009.

Rus-Rating’s analysts say SKB-Bank is doing well thanks to good chances of getting state support and having strong proprietors (who are also likely to help SKB-Bank get through). They also praise the bank’s existing market shares and having a stable business customer base (consisting of Sverdlovsk Region’s large, solvent enterprises). What is more, SKB-Bank does not depend on international funding and can boast sufficient capital adequacy.

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