Moody's ups Sberbank view to stable

Moody's Investors Service said it changed the outlook on SB Sberbank's Ba2 local- and foreign-currency deposit ratings to stable from negative. The bank's E+ bank financial strength rating remains unchanged.

The outlook change reflects the stabilization of the bank's credit profile as evidenced by the bank's strengthening franchise with increasing market share in lending and deposit taking, Moody's said, the relatively low level of problem loans that may peak in the second half of 2010.

The agency added that the bank's improving earnings along with lower loan loss charges in the near term should ensure it is able to increase its loan book, while maintaining sufficient capital to provide a cushion to absorb the potential risks.

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