...Support Drives IDRs : 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 dow n once from PCH, based on the full ow nership, the strategic importance of south-eastern Europe to PCH, the implication the bank's default w ould have for the parent, the strong integration w ith the parent, and the record of capital and liquidity support. The Stable Outlook reflects that on the parent. Com pany Profile Constrains VR: PCB Romania's VR considers the bank's limited franchise and scale, translating into a high cost base, constraining internal capital generation capacity. The bank's profitability fell significantly in 2017 driven by a shrinking asset base, resulting from exiting the smallest SME segment, not sufficiently offset by new volumes in the targeted SME segments. Good Asset Quality Maintained: The bank's impaired loans (5.4%...
