OREANDA-NEWS. December 02, 2009. According to RusRating, positive factors include stable market positions serving businesses within the city of Yekaterinburg, a strong lobbying capacity and contacts with local officials, healthy profitability and a favourable assessment of asset quality.

Potentially destabilising factors include the possible realisation of existing political risks, growing credit risks coupled with above-average exposure to large-scale borrowers, and the limited scale of the Bank’s municipally-based business model.

Bank Yekaterinburg is a smaller regional (municipal) bank in which the Yekaterinburg authorities hold a major stake. The Board of Directors is chaired by Arkadi Chernetski, who heads the city administration. The Bank’s market presence within Yekaterinburg is solid and its products and services are competitive. Operations are largely focused on working with socially-significant local businesses and the retail market.