OREANDA-NEWS. RusRating has increased Vozrozhdeniye Bank's credit rating from “AA-” to “AA” on the national scale and from “BBB-” to “BBB” on the international scale, in both cases with a stable outlook.

According to the agency, the rating increase (from “BBB-” to “BBB” on the international scale and “AA-” to “AA” on the national scale) reflects steady growth in business and demonstrated competitiveness coupled with a stable, client-oriented business model and a conservative approach to the assumption of risk.

The rating is based on a stable, client-oriented business model; an established market presence at the national level; good corporate governance and risk management; a high level of transparency; a stable liquidity position; minimal use of non-market resources and exposure to affiliated parties; reasonable resilience to market-wide crises; and a conservative business development strategy.

Constraining factors include a noticeable delinquency ratio, a business concentrated in a single region and a low capital base (in terms of scope for long-term growth) coupled with the limited capacity of the Bank's principal shareholders to provide financial support.