OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘AA’ credit rating on BINBANK PJSC. In 2011, BINBANK was assigned NRA’s national scale ‘AA-’ credit rating, which was subsequently upgraded to ‘AA’ and affirmed at this level on Sept. 30, 2014.

The rating is supported by BINBANK's step-by-step progress towards delivering its growth strategy objectives, business expansion by measures including M&A, as well as its supporting owners with commitment and capacity to develop the bank. BINBANK’s liquidity position is viewed as sustainable. The management pays much attention to risk control processes and procedures, and works constantly on the development and improvement of BINBANK’s banking practices and business processes.

The rating is constrained by the deteriorating asset quality and falling interest margin.

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