The rating agency Expert RA has confirmed the creditworthiness rating of Kamkombank LLC at the level of giVV- and changed the forecast to developing. Previously, the bank had a rating at the level of giVV- with a stable outlook. This is stated in the agency's message.
The bank's creditworthiness rating is determined by limited market positions, an adequate capital position, high profitability, an adequate assessment of asset quality and liquidity reserves, as well as a conservative assessment of corporate governance.
The change in the forecast for the developing one is due to the fact that the bank is in an active phase of scaling the credit and guarantee business. This, on the one hand, can contribute to maintaining high profitability indicators, and on the other hand, causes uncertainty about the quality of loan and guarantee portfolios as they mature, taking into account active growth over a relatively short time horizon, analysts emphasize.
Kamkombank is a small bank in terms of assets specializing in SME lending and retail lending with a focus on mortgages, as well as retail currency exchange operations.
