OREANDA-NEWS. 'Expert RA' rating agency assigned' EUROPEAN' Investment Commercial Bank creditworthiness rating A+, which means very high credit solvency. The rating sublevel is three. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term.

The high probability of the parent bank's support has a positive impact on the rating. On February 10, 2014, the transaction for purchase of a 100% stake in 'EUROPEAN' Investment Commercial Bank CJSC by 'Saint Petersburg' Bank, having creditworthiness rating А++, was finalized.

Business contraction in December 2013 as a result of significant cash outflows from corporate and individual businessmen's accounts as well as retail accounts against the background of the Kaliningrad Region depositor panic is highlighted as the key negative factor.