OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘AA-’ credit ratings on METKOMBANK PJSC (Metkombank) with a Positive outlook. The bank’s first-time individual credit rating of ‘AA-’ was assigned by NRA in November 2012. The latest rating action on Metkombank (credit rating affirmation at ‘AA-’) dates Jan. 14, 2015.

The Positive rating outlook reflects the bank’s stable customer base, sound financial performance and strong financial result for the 11 months ended Nov. 30, 2015. The bank demonstrates strong management and governance standards and ability to adequately evaluate its risks. Metkombank’s financial strength and liquidity are underpinned by the probability of support from RENOVA Group, the bank’s owner.

The rating continues to be constrained by the single-name concentrations on the both sides of the bank’s balance sheet and Metkombank’s modest market share.

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