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Otkritie Bank assigned a high credit rating
National Credit Ratings Agency (NKR) assigned Otkritie Bank a rating of AA + .ru. Moreover, the forecast for the development of the bank is stable.
According to the press service of the bank, NKR confirmed the strong market positions of Otkrytie, moderate diversification of business and high capital adequacy. Even the volatility of profitability indicators did not affect the good data on these indicators.
According to experts, the bank has a moderate risk appetite, an adequate level of provision for problem assets, a high-quality loan portfolio, as well as a portfolio of securities. According to the NKR, the liquidity position of a financial organization is quite strong. The stability of the bank is also affected by the high likelihood of support to the credit institution from the sole shareholder - the Bank of Russia.