OREANDA-NEWS. On 29 August 2008 was announced, that according to 2Q 2008 results Credit-Rating does not note significant changes in performance of banking institutions rated by the agency, with their key figures remaining on adequate level.

However, the agency notes increase in number of banks (to 14 from 12), in which the share of NPLs exceeded 3%. In 7 banking institutions the formed reserves does not cover in full the overdue and doubtful debts, which may weigh on the capital of these banks. The eroded quality of loan portfolios coupled with rise in cost of resources may negatively affect banks` performance, since the cost for reserves forming may increase too.