2024-10-04 03:04:56
The prestigious international rating agency Moody’s has reconfirmed the Ba3 rating of long-term deposits in national currency with a stable outlook.
Ameriabank emphasizes the reaffirmation of the rating with a stable outlook, especially in the context of COVID-19.
Moody’s based the rating on a number of important indicators, including Ameriabank’s diversified credit portfolio. In particular, it is noted that as of January 1, 2020, the volume of SME loans in the bank’s total loan portfolio was 17.4%, and the loans granted to individuals made up 25% of the total loan portfolio, moreover, it is almost evenly distributed among mortgage and in consumer loans.
Note that the rating of long-term deposits in national currency reflects:
• the bank’s diversified business directions and strong positions in the local market
• improved asset quality and ability to absorb potential losses due to adequate capital buffers, high profitability and adequate NPL coverage
• sufficient level of liquidity and diversified sources of attracting funds.
Despite the difficult situation caused by the coronavirus, Moody’s rating agency expects that Ameriabank’s indicators of attracting funds and the level of liquidity will remain stable.