Minsk Transit Bank Assigned ‘byBBB-’ Belarus National Scale Credit Rating

Expert RA has assigned its Belarus national scale credit rating of ‘byBBB-’ to JSC “Minsk Transit Bank” (MTB). The outlook for the rating is ‘developing’. Mapped to the Russia national scale from the Belarus national scale using the country risk adjustment, the credit rating is ‘ruB’ with ‘developing’ implications.

The rating reflects Expert RA’s assessment of the bank’s market position as fair, profitability as strong, capital adequacy as conservative, liquidity position as fair, and its corporate governance and strategic planning practices as fair. The ‘developing’ outlook reflects the expected merging of ZAO (Closed Joint-Stock Company) Idea Bank and MTB, to take place by Oct 29, 2021, and subsequent integration of the two banks

Please refer to: https://raexpert.ru/releases/2021/oct05b/ for detailed info