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22/05/2020
17:42
ACRA assigns credit rating to Kuznetsky Bank

On May 22, 2020, Russia's Analytical Credit Rating Agency (ACRA) assigns B+(RU) to PJSC Kuznetsky Bank, outlook Stable

The credit rating of PJSC Kuznetsky Bank (hereinafter, the Bank) is due to a limited business profile assessment, weak capital adequacy and risk profile, as well as adequate liquidity and funding positions, ACRA notes.

The Bank is a universal regional bank with a basic license that ranks 274th in the Russian banking sector in capital and operates primarily in the Penza Region. The Bank's main areas of business are financing and providing guarantees to SMEs, as well as lending to the general public (mainly consumer lending). The Bank carries out these areas of business mainly by attracting client funds. In addition, the Bank is actively developing its transaction business.

"AK&M", 22.05.2020 12:30

 

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