OREANDA-NEWS. National Rating Agency had affirmed its national scale 'A+' credit rating on Rosenergobank Commercial Bank Joint Stock Company (REB). The rating outlook remains Positive. The bank was assigned an NRA's national scale credit rating of"A-" in 2009. In mid-2009, the ratingt was raised to "A+" and reaffirmed at this level (with a Positive outlook) in 2014.

The rating is supported by REB's strong liquidity position, high-quality trading portfolio, growing assets and capital, and the fact that some of its key performance indicators are improving at a rate better than the market average. REB's expanding loan portfolio, increasing customer base, developing new business lines, reducing nonperforming and III - IV risk-category loans, as well as its decreasing credit costs are viewed as additional rating strengths.

NRA also notes the reduction of the bank's funding costs due to a gradual payment of the "expensive" deposits, that were taken in late 2014, and their substitution with less costly funding sources, as well as its equity and capital adequacy ratio increase as a result of raising a RUR350 million unlimited subordinated loan.