OREANDA-NEWS. 'Expert RA' rating agency upgraded 'Russky Zemelny Bank' Joint Stock Commercial Bank creditworthiness rating to A, which means high credit solvency; the rating outlook is developing. The developing outlook means that downgrading and maintaining the rating are equally probable in the mid-term. The Bank used to have rating В++, which means acceptable credit solvency, with the stable outlook.

The rating upgrading is due to improvement of the Bank's profitability and its capital growth: in April 2012, the subordinated loan increased its equity by RUB 600 million.

The narrow customer base of borrowers and high concentration of active transactions on the major credit risk items restrain the rating.