12May
Ameriabank was given a "B plus" rating with a Stable outlook by the Fitch rating agency
The prestigious international rating organization "Fitch" has reaffirmed the "B plus" rating of the issuer of long-term obligations in foreign currency awarded to Ameriabank, setting a Stable outlook instead of the Negative outlook (Long-term Issuer Default Rating (IDR)) granted a year ago.
Reaffirmation of such a rating speaks of the Bank's acceptable financial indicators, significant liquidity reserves, manageable refinancing risks and high reputation. "Fitch" highlighted the fact that, despite the high competition in the RA banking system, Ameriabank has taken a stable position in the market, maintaining the leading position in the lending sector (market share: 14.8%), trade financing, obligations to customers ( market share: 15%).
Revising the rating outlook to Stable, "Fitch" expects that Ameriabank will maintain its stable position, resisting the pressures of the difficult external environment. In addition, the Bank also has a sufficient level of profitability and a significant capital reserve due to the 30 million US dollars borrowed from the EBRD in December 2015.
Fitch's "B plus" rating with a stable outlook will contribute to increasing the recognition of Ameriabank in the international arena and the level of trust in the Bank, and the expansion of partnership relations with foreign investors in Armenia.