OREANDA-NEWS. The positive outlook reflects a decline in credit risks and the associated risk sensitivity coupled with improved earnings performance resulting from a focus on low-risk operations and steady growth in the Bank's business in accordance with its new strategy.

The rating is based on the support of ProbusinessBank, membership in the LIFE group, an innovative strategy and a growing presence in the Bank's chosen niche.

Constraining factors include a funding base dependent on on-call resources, narrow lines of business and dependence on the financial stability of the LIFE group as a whole.

Bank24.ru is a smaller private-sector regional bank and a member of the LIFE group, which has loan offices and other service locations in several regions of the country; the group includes six subsidiary banks plus Life Factoring, the real estate developer Probusiness Development and ProbusinessBank, the larger Moscow financial institution at the head of the group. In mid-2010 Bank24.ru began expanding its presence in payments and card-based services while gradually withdrawing from the markets for retail deposits and credit products. Service quality is high and the Bank makes use of sophisticated technology.