OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Vologzhanin Bank' creditworthiness rating A, the sublevel changed from the second to the third; the stable rating outlook is maintained.

High capital adequacy, a good balance of assets and liabilities, by their maturities, in the short-term, high loan portfolio security and acceptable RoE of the Bank support its rating.

'Expert RA' analysts highlight the high credit risk share of the biggest borrower, the high share of IV - V quality category loans, and the Bank's reliance on individuals' money as the funding source, coupled with their low geographic diversification, as the key rating-restraining factors.