OREANDA-NEWS. Expert RA rating agency confirmed 'NIKO-BANK' creditworthiness rating A, which means high creditworthiness. The outlook is stable.

Good balance of assets and liabilities, by their maturities, in the short- and mid-terms, low past due debt on the Bank's Balance Sheet and high loan portfolio security still support the Bank's rating.

Expert RA analysts highlight low capital adequacy and resource base reliance on the major lenders' funds as the key rating-restraining factors. The Bank's provisioning policy and reliance on the retail customers' funds, combined with their low geographic diversification are estimated as moderately negative factors. Low business profitability in 1Q2013 restrain the rating.