OREANDA-NEWS. National Rating Agency has assigned its 'A-' credit rating to UFC Bank PJSC. The outlook for the rating is Stable. It is the first time that the bank is rated by NRA.

The rating is underpinned by the bank's fairly high-quality loan portfolio, with loans falling into risk categories I and II, its liquid trade portfolio, represented by fixed-income securities included in the Bank of Russia's Lombard List, and its profitable operations in 2015. The rating is constrained by the single name concentration in UFC Bank 's loan book, poor sector diversification of its loan book and guarantee portfolio, as well as the high FX debt-to-total liabilities ratio and the fact that the bank's revenue in 2015 included predominantly one-off income items. NRA also notes the bank's weak, albeit strengthening, liquidity position.

United Financial Capital (UFC) Bank Public Joint-Stock Company (formerly known as United Financial Capital OJSC and AMI-Bank Commercial bank LLC ), holder of full banking license No. 2270 and a member bank of the deposits insurance framework, has been in the market since 1993.

Its majority owners are Nikolai Yegorov (exerting a strong influence on the bank), Nikolai Gordeev, Alexei Ablogin, Roman Fokin, LADIUS LLC (exerting a strong influence on the bank through Andrei Prokofiev), Extech LLC, OKSIRIA LLC LLC (exerting a strong influence on the bank through Galina Sokolovskaya), and Maxima Lex LLC LLC (exerting a strong influence on the bank through Yulia Korelina). The owners are members of the bank's Board of Directors and Management Board. UFC-Bank is headquartered in Moscow and operates five branches.