Moody's revises Outlook on Ameriabank to StableJuly 7, 2021 - 18:02 AMT PanARMENIAN.Net - Moody's Investors Service ("Moody's") has affirmed the Ba3 long-term local and foreign currency deposit ratings of Ameriabank, revising the outlook to Stable from Negative. The affirmation of the Bank's deposit ratings along with the change in outlook reflects the Bank's resilient performance amid challenging times, stable asset quality and funding base, strengthening profitability metrics and ample liquidity. Moody’s believes that Ameriabank's asset quality will remain stable due to good diversification of the Bank's loan portfolio and reduced exposure to foreign currency loans. The rating agency expects that Ameriabank’s profitability will be improving further and loss-absorption capacity will remain sound. The Bank’s liquidity and funding profiles are expected to remain stable, supported by good funding diversification, ample liquidity and access to alternative liquidity sources. The stable outlook reflects the expectation of Moody’s that Ameriabank will sustain the improvements in its solvency and that the Bank's asset quality and capital will remain stable. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |