RusRating Assigned Credit Rating to AKB Sarov Business Bank
OREANDA-NEWS. On 13 March 2009 was announced, that according to RusRating senior analyst Elena Nikolaenko, positive factors include the owners’ commitment to the Bank and substantial financial/political resources, healthy capitalisation and liquidity, solid and growing market positions at the regional level, a stable circle of corporate clients, funding and liquidity independent of the interbank market and minimal exposure to securities market risk. Potentially destabilising factors include a funding base that draws heavily on on-call corporate resources and significant exposure to retail deposits, limited access to long-term liquidity and a likely increase in credit risks under current crisis conditions.
Sarov Business Bank (SBB) is a mid-sized (by assets) regional private-sector bank whose principal beneficiary owners are Chairman of the Board of Directors Vladimir Kirienko and senior nuclear industry executives Vladimir Travin and Viktor Kitayev. The Bank operates mainly in the Nizhni Novgorod region and its business is focused on serving larger corporate clients, the retail sector and SME loans. Within its home region market positions are solid and its market share has doubled following the recent acquisition of Nizhegorodpromstroibank (NPSB). The Bank works with some state-sector organisations and is well-connected politically at the regional level.
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