OREANDA-NEWS. January 19, 2012. The rating agency "Expert RA" has appropriated to the Bank's credit rating "Vologzhanin" at A "high level of creditworthiness," outlook "stable."

The key positive factors that influenced the rating, the Agency has classified a high level of capital adequacy, balance sheet at the short and medium term horizon and a good diversification of the resource base of customers. In addition, the Bank is characterized by a high level of security of the loan portfolio and high return on equity. The agency also commended the low level of foreign exchange and off-balance sheet risks.

Limit the level of creditworthiness of the Bank's extremely high level of immobilization of capital investments in property, not a conservative policy reserve and the imbalance of assets and liabilities at the "long" horizon. "Part of the high immobilization of capital due to the fact that one of the main activities of the Bank" Vologzhanin "is to conduct leasing operations for the first 9 months of 2011 rankings in leasing companies "Expert RA" Bank took 83 place in terms of portfolio" - notes Stanislav Volkov, head of credit rating institutions, "Expert RA". In addition, for the Bank is characterized by dependence on retail deposits as a source of funding.