...Prudent Stance Towards Risk: Caja Rural de Navarra, Sociedad Cooperativa de Credito's (CRN) ratings are driven by the bank's solid capitalisation, prudent stance towards risk appetite that leads to sound asset quality by European standards, and a stable funding and liquidity position. The ratings also factor in the bank's modest but stable profitability and its concentrated regional franchise. Strong Regional Cooperative: CRN is the third-largest credit cooperative in Spain and offers retail banking services to households and SMEs, primarily in its home region of Navarra, where it has market shares of about 24% for loans and 28% for deposits. The bank has also built up a respectable presence in neighbouring regions, but its national market share remains small at below 2%. CRN is a member of Grupo Caja Rural, an association of Spanish rural credit cooperatives sharing common cooperative values and a limited-size solidarity fund. Solid Capitalisation: Fitch Ratings views capitalisation as...
