Fitch affirms Locko-bank

Fitch Ratings said it affirmed Locko-bank ratings at long-term B-, short-term B, individual D, support 5 and national long-term BB+(rus).

The outlooks for the long-term and national long-term ratings remain stable.

Fitch said Locko's long-term, short-term and individual ratings reflect the small size of the bank by international standards, limited franchise, business concentrations, modest core profitability and basic risk management tools, as well as certain weaknesses in the operating environment.

However, Fitch also noted the bank's reasonable capitalization, asset quality and liquidity position to date.

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