Rus-Rating confirmed VUZ-Bank’s rating at BB-, with Indefinite Rating Outlook.

The agency’s chief analyst Victoria Belozerova believes the bank’s current status’s strengths are the obvious support from Life Group’s key Probusinessbank (which has enough potential to aid VUZ-Bank financially even under current trying circumstances), the bank’s rather impressive share of the regional market, and lack of resource and liquidity dependence on the country’s interbank loan market.

‘At the same time, VUZ-Bank’s stability might be shattered because of possible greater resource dependence in terms of private investment (private depositors are the ones most prone to panicking), limited debt refinancing capacities, and only a limited amount of long-term liquidity sources,’ Rus-Rating reports.