Rating agency Expert RA has assigned to Uralcapitalbank (the Republic of Bashkortostan) a B+ creditworthiness rating (adequate creditworthiness), the lending institution’s press service reported.
A press release said that the main factor having a positive impact on the rating was low overdue loans. “The bank demonstrates much softer numbers of loans overdue than the market average. Other positive factors are the balanced structure of assets and liabilities by maturity and acceptable collaterals for loans," the press service pointed out.
“The primary force limiting the bank’s rating is the low capital adequacy ratio. The rating is also depressed by a rise in debts prolonged at the end of 2008," the press release emphasized. Moreover, the agency’s analysts point to “insufficient diversification and liquidity of investments in securities and Q408 losses incurred due to the formation of additional reserves”.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of Urals Capital Commercial Bank stood at Rub 2.21 bln (441st place in Russia). The lending institution is a member of the national deposit insurance system.
