OREANDA-NEWS. May 03, 2011. According to Larisa Makarenko, the agency’s Director of Corporate Ratings, the rating is based on high capital adequacy that provides substantial scope for growth; healthy asset quality; low liquidity risks; a stable client base; and steady financial indicators.

Constraining factors include the small share of business done in the general market and narrow lines of business.

Bank of Settlements & Savings (BSS) is a smaller private-sector bank that operates mainly in Moscow. Its beneficiary owners, K.B. Yurovski and A.A. Ostrovski, both sit on the Board of Directors and are active in management. At this time its principal business is the provision of settlements and cash-handling services to corporate clients, particularly smaller and mid-sized enterprises. Assets centre on a portfolio of veksels (promissory notes) and currency conversion deals generate supplementary revenues. Growth plans call for introducing new lines of business, particularly retail and credit activity. The Bank began developing a regional service network in mid-March 2011.