Fitch Ratings upgrades outlook for MKB

24 June – Fitch Ratings has revised its outlook for MKB from "negative" to "stable". The positive action was mainly triggered by the stabilising operating environment, improving indicators of profitability and capital generation, as well as the Bank's RUB 22.68 bln SPO closed in May.

Fitch analysts commented that the Bank expanded its business volumes in 2020, which supported its net interest and fee and commission income without compromising the high quality of its assets.

The analysts also note comfortable funding and liquidity positions.