Expert RA has affirmed FORA BANK (part of Tashir Group) credit rating at “ruB” with a Stable Outlook.
According to the agency, FORA BANK has significantly improved the quality of its credit portfolio by reducing the ratios of non-performing, restructured and Categories IV and V loans. Also, Expert RA describes the loan portfolio as comfortably secure and acknowledges the reduced delta between the estimated and actual reserves-to-capital ratios. The agency points out that the bank has a comfortable cash position based on a sufficient level of balance liquidity.
Expert RA has been rating FORA BANK since May 22, 2013. The agency’s ratings use the Russian national scale and are assigned on a long-term basis.
FORA BANK has been part of Tashir Group since 2002. It is a joint-stock commercial bank registered with the Central Bank of the Russian Federation on May 27, 1992, and operating throughout Russia.