Support from strategic shareholder Good market position and increasingly diversified business lines Strong funding and liquidity profile Higher than average economic and industry risks of operating in Poland Modest levels of capitalization Elevated credit risks, in light of high retail loan growth and foreign currency lending The public information ('pi'; unsolicited) rating on Poland-based BRE Bank S.A. benefits from support by Commerzbank AG (A/Stable/A-1), a good market position, and its strong funding and liquidity profile. The ratings are constrained by the higher than average economic and industry risks of operating in Poland, the bank's modest capitalization, and elevated credit risks, in light of high retail loan growth and foreign currency lending. BRE is considered a strategically important subsidiary to Commerzbank,
