OREANDA-NEWS. May 28, 2012. Expert RA rating agency increased Koltso Urala creditworthiness rating to Aplus (very high), forecast is "stable". Former bank rating was A (high creditworthiness), forecast "stable".

The increased rating was preconditioned by the bank increased capital. "At the beginning of 2012 the chief bank owner (MMSK) added another 1 bln rubles to the base capital to increase capital adequacy norm to 14.8% by 01.04.2012", comments Kristina Kirianova, deputy head of Expert RA credit institutions department.

Negative factors: poorly secured loan portfolio, high dependence of liabilities on a narrow group of counter-agents, low diversification of attracted funds by sources (means of physical persons in liabilities amounted to 59.3% by 01.03.2012) accompanied by low geographic diversification.