OREANDA-NEWS. Moody's Investors Service has assigned the following global scale ratings with stable outlook to Bank Severnaya Kazna ("Severnaya Kazna"): B2 long-term and Not-Prime short-term foreign and local currency deposit ratings and an E+ financial strength rating ("FSR").

At the same time, Moody's Interfax Rating Agency has assigned a Baa1.ru long-term national scale credit rating ("NSR") to the bank.

Severnaya Kazna's FSR is underpinned by its position as one of the leading banking institutions in its home market of the Oblast of Sverdlovsk, in the eastern part of European Russia, which has been enjoying strong economic growth in recent years with potential for further growth.

Other positive rating drivers include the bank's good reported asset quality and its sound core deposit funding base, with accounts of individuals comprising about 50% of total liabilities.