B&N Bank is included in the "Banks with Significant Loss-Absorption Capacity" group

International rating agency Fitch Ratings has released a report ranking 57 rated Russian banks based on their loan loss absorption capacity to demonstrate their relative vulnerability to loan losses. The agency assessed the banks’ loss absorption based on the maximum reserves to loans ratio they could have sustained at 1 June 2009 without breaching minimum regulatory capital requirements.

All the rated banks were divided to 5 groups. B&N Bank’s LIR ratio stands at 18.8% and therefore it has been included in “Banks with Significant Loss-Absorption Capacity” group. B&N Bank adheres to conservative policy for creation of loan impairment provisions. Furthermore, Management of the Bank intends to maintain the high level of provisioning till system credit risks are decreased and economic environment is stabilized.

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