Russian rating agency AK&M has affirmed its national scale creditworthiness rating of A (Sublevel 3), a stable outlook, on Russlavbank.

Factors supporting the bank's rating are growth of main balance sheet items, the satisfactory breakdown of the bank's assets and liabilities, stable retail funding, no liquidity problems, the agency noted in a press release.

The agency's analysts said that constraining factors are the modest credit portfolio quality, and also a drop in the bank's net income.