Moody's rates Bank Rossiya

Moody's Investors Service said it assigned to Bank Rossiya an E+ bank financial strength rating and B2 long-term and not-prime short-term local- and foreign-currency deposit ratings, along with a Baa1.ru long-term national scale rating.

The outlook is stable.

The ratings are underpinned by the bank's satisfactory liquidity position as evidenced by a high share of liquid assets, strong efficiency and sound recurring earning power and established relationships with a number of large corporate clients, Moody's said.

The ratings are constrained by its high single-name concentration in the loan book and the customer deposit base as the top 20 loan exposures exceed 400% of the bank's shareholders' equity and the top 10 largest depositors contribute over 50% of the bank's non-equity funding, the agency said.

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