Russian rating agency AK&M has revised its outlook for Tempbank's credit rating from negative to stable, keeping the rating at B+, the agency said in a press release.
As the agency specified, the upgrade of the rating outlook was driven by a jump in provisions against retail loans. Provisions, which the bank formed in this lending segment, reached 17%, exceeding retail NPLs.
"The agency satisfactorily pointed to moderate growth of retail deposits. In the fourth quarter of 2015 the monthly average growth rate of retail funds fell to 2%, thereby mitigating risks of a substantial decline in the diversification of attracted resources," the agency also said in the press release.
