OREANDA-NEWS. June 18, 2012. Expert RA rating agency confirmed B+ creditworthiness rating (adequate) to Russian Land Bank. Rating forecast changed from "stable" to "positive".

Russian Land Bank rating is supported by highly adequate capital, asset/liability short-term balance. Other positive factors: acceptable security level of loan portfolio, loan provision ratio adequate to current credit risks.

The bank creditworthiness level is limited by highly concentrated active operations at large credit risk objects. Minuses: poor competitive edge in the region of presence (Moscow) and narrow client base in corporate credit segment. Other disadvantages: very low profitability, unstable resource base. The bank is also characterized by high dependence of liability base on narrow counter-agent group.

Expert RA Rating Agency is the first independent rating agency in Russia founded in 1997 by Expert  magazine. It is presently the largest Russian rating agency. The Agency strategic goal is to provide all-round information and analysis assistance to companies, operating on the Russian market. The Agency business is based on unique system of rating products. Expert RA family of ratings presents classic credit ratings of companies in all economic branches, regions and municipalities, as well as ratings related to different aspects of social responsibility of companies: corporate governance rating, companies' ecological liability rating. Currently Expert RA ratings have been assigned to over 350 companies (including companies from Eastern Europe, CIS and the Baltic countries) and regions (60 received the Agency credit rating).