...Support Driven IDR: ProCredit Bank S.A.'s (PCB Romania) IDRs and Support Rating are driven by the high probability of support it can expect to receive from its parent, ProCredit Holding AG & Co. KGaA (PCH, BBB/Stable). The bank is notched down once from PCH based on the full ownership, the strategic importance of south-eastern Europe to PCH, the implication of the bank's default for the parent, the strong integration with the parent, and the record of capital and liquidity support. The Stable Outlook reflects that on the parent. Company Profile Constrains VR: PCB Romania's Viability Rating (VR) of 'b+' considers the bank's limited franchise and scale, translating into a high cost base, constraining its internal capital generation capacity. The VR also considers the bank's reasonable asset quality, adequate capitalisation, and stable funding profile. Modest Profitability: The bank's profitability decreased significantly in 2016 driven by a shrinking asset base, resulting from its exiting...
