07Jul
Moody's revised Ameriabank's outlook to "stable"
Moody's rating agency has reaffirmed Ameriabank's Ba3 rating for long-term deposits in national currency and foreign currency, revising the outlook and setting it to "stable" instead of the previous "negative".
Reaffirmation of the bank's deposit ratings and change in outlook are based on the bank's flexible and efficient work in difficult times, stable asset quality, fund attraction base, as well as growing profitability indicators and high liquidity.
According to Moody's agency, the quality of Ameriabank's assets will remain stable due to the diversification of the bank's loan portfolio and the reduced risk of loans denominated in foreign currency. According to the agency's expectations, Ameriabank's profitability will continue to grow, while its loss absorption capacity will remain stable. The bank's liquidity and funding structure is expected to remain stable due to funding diversification, high liquidity and access to alternative sources of liquidity.
The "stable" outlook reflects Moody's expectation that Ameriabank will maintain improved solvency and the bank's asset quality and capital will remain stable.
About Ameriabank
Ameriabank is one of the dynamically developing banks in Armenia. It ranks among the country's most stable and large financial institutions and has a well-articulated digitalization agenda. As the first investment bank in Armenia, Ameriabank provides a wide range of innovative banking services. "Ameriabank" CJSC is a universal bank that provides corporate, investment and retail banking services, providing a complete set of banking solutions. According to the latest results, Ameriabank is the largest bank in Armenia, whose assets exceed AMD 1 trillion.