Fitch affirms Probusinessbank

Fitch Ratings said it affirmed Probusinessbank's issuer default rating at B-, national long-term rating at BB+(rus), short-term rating at B, individual rating at D and support rating at 5.

The outlook is stable.

The ratings reflect risks associated with rapid asset growth, operational/integration risk related to the recent and potential acquisitions and the bank's weak earnings performance, Fitch said.

Following a recent equity injection, the agency said the bank's capital adequacy ratios have recovered from a weakened position, however, stronger earnings generation is required to maintain solid capitalization.

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