The Expert RA rating agency has confirmed the credit rating of the National Factoring Company Bank at ruBB + with a stable outlook.
“The bank's rating is due to low market positions, adequate assessments of capital adequacy, profitability, asset quality and corporate governance, as well as a sensitive liquid position.” – said in a press release from the agency.
At the same time, analysts note “the bank's adequate positions and developed competencies in the factoring market, in particular, in the SME segment.”
The amount of assets attributable to parties connected with the bank, according to the agency, is insignificant. The concentration of assets at high credit risk objects is considered satisfactory
The profitability indicators of NFC Group are assessed as high. The balance of the term structure of assets and liabilities is also noted on the horizon over a year
The rating has a stable outlook, which implies a high probability of maintaining the rating at the current level in the medium term.
According to the results of the 2nd quarter of 2020, National Factoring Company Bank ranks 180th in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.
As of August 1, the bank occupied the 180th place in the Expert RA ranking by assets.