PRIME. International rating agency Standard & Poor’s affirmed on Wednesday its B+ long-term counterparty credit rating on West Siberian Commercial Bank, with the stable outlook, the agency said in a press release.
Furthermore, S&P held steady the bank’s short-term credit rating of B, with the stable outlook, and also raised the lender’s national scale rating fromo ruA to ruA+.
“Rating affirmation reflects our opinion that Zapsibcombananknk still holds firm positions in the Tyumen region," the agency said in the press release. S&P analysts expect the bank’s operations to expand on the back of the sufficient capital base.
The bank’s indicators are expected to remain intact in the next 12 months. In addition, the agency’s experts believe that the bank’s risk exposure will increase and will reach the banking sector average.
Any upgrade of the bank’s ratings in the next 12 months is unlikely, but could take place provided that the bank diversifies its coverage area while keeping the quality of assets. However, aggressive business expansion could impair the bank’s ratings, S&P added, Prime wired.
