OREANDA-NEWS. July 03, 2012. According to the agency, the rating increase reflects expanding market positions, an increasingly diversified funding base and growing returns on core operations.

The rating itself is based on a stable client base, steady financial indicators, healthy growth trends and the favourable impact of shareholders on the Bank’s development.

Constraining factors include the risks associated with a loan book concentrated by individual (major) borrower, narrow market positions, minimal capital adequacy and above-average sensitivity to risks.

Bank Tavrichesky is a mid-sized private-sector bank that operates mainly in St. Petersburg and Leningrad region. The bulk of equity is controlled by a large group of private individuals, including its own top managers; SpareBank 1 Nord-Norge, a major Norwegian bank, holds a minority stake. Operations focus on serving larger and mid-sized corporate clients and their employees. Over the past two years the Bank has actively developed a retail presence with an emphasis on personal deposits. Financial and securities market activity is minimal.