RAEX Upgrades Levoberezhny Bank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded Levoberezhny Bank credit rating to A+, which means “Very high level of creditworthiness”, the third sub-level. The rating outlook is stable, which means the likelihood of mid term rating stability is high. Earlier the Bank had rating A “High level of creditworthiness”, the first sub-level, “positive” outlook.
The Bank managed to retain high net interest margin despite regulation tightening and general profitability reduction in the retail lending segment. Current liquidity ratio growth was also taken into account.
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