OREANDA-NEWS. February 9, 2012. The rating agency Expert RA increases the credit rating BFI BANK (JSC) to the level of B++ acceptable level of solvency. Rating forecast - stable. Earlier, the Bank has acted in a B+ with a stable forecast.

Improving the rating due to noticeable improvements in profitability in 2011 - says Mikhail Doronkin, deputy head of credit rating institutions Expert RA. - They are still below the average level, but for the first 9 months of 2011 return on equity of 8% on an annualized basis versus minus 2.2% a year earlier.

The level of the rating limit weak competitive position in the banking market in Moscow and a narrow customer base in the segment of credit LE and FE. The Agency draws attention to the weak diversification of the funds raised in conjunction with a moderately high concentration of credit risk (large credit risks (KSKR) to total assets, net of reserves for certain dates in 2011 exceeded 60%).