Research Update: Russian B&N Bank Outlook Now Positive On Better Operating Environment And Improving Financial Profile Jun 11

Standard & Poors, June 2011

Abstract
Russia-based B&N Bank's asset quality is improving and customer deposits continue to increase. The bank's owner increased capital by $50 million in the second quarter of 2011 and plans another $50 million increase in 2012. We are revising our outlook on B&N Bank to positive from stable, raising the national scale rating to 'ruBBB+' from 'ruBBB-', and affirming the 'B-/C' long- and short-term ratings on B&N. The positive outlook reflects the improving operating environment in Russia and our expectations that bank's financial profile will moderately improve over the next two years. On June 15, 2011, Standard & Poor's Ratings Services revised its outlook on Russia-based B&N Bank (B&N) to positive from stable. The Russia national scale rating was raised to...

Companies mentioned in this report are: B&N Bank
Action: Affirmed
Action: Outlook: Positive
Action: Upgraded

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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

B&N Bank

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