Moody’s Investors Service confirms B1 long-term local currency bank deposit ratings for Ameriabank
05.03.2019,
16:07
The Moody’s Investors Service international rating agency has confirmed the B1 long-term and Not-Prime short-term local currency bank deposit ratings for the Armenia-based Ameriabank CJSC.
YEREVAN, March 5, /ARKA/. The Moody’s Investors Service international rating agency has confirmed the B1 long-term and Not-Prime short-term local currency bank deposit ratings for the Armenia-based Ameriabank CJSC. It has also confirmed B2 long-term and NP short-term foreign-currency bank deposit ratings, and the Ba3 long-term and NP short-term Counterparty Risk Assessment.
The bank's long-term local-currency deposit ratings carry a positive outlook, driven by the positive outlook on the B1 government debt rating, while the bank's long-term foreign-currency deposit rating of B2 is constrained by Armenia's foreign-currency deposit ceiling and carries a stable outlook, the Moody’s Investors Service said.
It said the long-term local currency deposit rating reflects the bank’s diversified business profile and strong domestic market positions; improved asset quality indicators and good loss-absorption capacity, as illustrated by its robust capital buffers, good profitability and adequate problem loan coverage; and sufficient liquidity and diversified funding base.
At the same time, Ameriabank's BCA is constrained by Armenia's Weak Macro Profile and material exposure to foreign-currency loans, Moody’s said.
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007.
Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2018 year reportable data. -0-
The bank's long-term local-currency deposit ratings carry a positive outlook, driven by the positive outlook on the B1 government debt rating, while the bank's long-term foreign-currency deposit rating of B2 is constrained by Armenia's foreign-currency deposit ceiling and carries a stable outlook, the Moody’s Investors Service said.
It said the long-term local currency deposit rating reflects the bank’s diversified business profile and strong domestic market positions; improved asset quality indicators and good loss-absorption capacity, as illustrated by its robust capital buffers, good profitability and adequate problem loan coverage; and sufficient liquidity and diversified funding base.
At the same time, Ameriabank's BCA is constrained by Armenia's Weak Macro Profile and material exposure to foreign-currency loans, Moody’s said.
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007.
Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2018 year reportable data. -0-
