Fitch affirms Orgres

Fitch ratings said it affirmed Orgresbank's (Orgres) ratings at long-term B-, short-term B, individual D, support 5 and national long-term BB+(rus).

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

Fitch said the long-term, short-term and individual ratings reflect Orgres' small size by international standards, limited franchise, modest profitability, concentrated business and related-party lending.

However, the agency said the ratings also consider the bank's currently reasonable capital and liquidity and satisfactory asset quality to date.

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