Rating agency Expert RA has assigned a creditworthiness rating of A (high creditworthiness) to Zapsibcombank, the agency’s press service reported Monday.
A press release emphasized that primary factors having a positive influence on the lender’s creditworthiness are high ROA and ROE ratios. Another tangible factor is the low rate of non-performing loans of households that are maintained on the bank’s balance sheet. “Also, we’d like to highlight broad diversification of the lending institution’s credit portfolio by products and clients. Of a positive impact on the rating is solid collaterals provided for loans granted and the wide scale of business," representatives of the agency’s press service added.
“As main factors of support we’d pinpoint access to a variety of refinancing instruments offered by CBR (including access to uncollateralized loans), long-term sustainable financial ties with the administrations of the Tyumen region and the Yamal-Nenets Autonomous District," director of the rating agency’s lending institutions ratings service Irina Velieva noted.
The key factor putting a lid on the rating is the insufficiently high capital adequacy ratio for the regional bank and also the heavy portion of extended corporate loans. “Other negative features are high risks associated with the bank’s insiders and the deconcentrated ownership structure," said the press release.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of West Siberian Commercial Bank stood at Rub 48.09 bln (67th place in Russia). The lending institution is a member of the national deposit insurance system.
