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S&P International Scores raised its long-term issuer credit standing on Ameriabank CJSC to ‘BB-‘, outlook secure. The improve follows the same motion on Armenia. The rankings on Ameriabank are not constrained by the sovereign’s creditworthiness and at the moment are commensurate with its standalone credit score profile of ‘bb-‘.
In S&P’s view, Ameriabank is nicely positioned to retain its main market place in Armenia (it’s the largest home lending establishment with a market share of about 19% of loans at June 30, 2023), leveraging on its digital channels and diversifying additional into the retail and small and midsize enterprise segments. S&P additionally expects Ameriabank to retain ample capital adequacy in upcoming years, supported by sturdy inside capital technology.
The secure outlook displays S&P’s view that over the subsequent 12-18 months Ameriabank will preserve its main positions within the Armenian banking sector and handle its anticipated sturdy lending development whereas sustaining secure capital buffers.
About Ameriabank
Ameriabank is a number one monetary and expertise firm in Armenia, a significant contributor to the Armenian financial system, with property exceeding AMD 1 trillion. In the midst of digital transformation, it has launched plenty of revolutionary options and platforms going past banking-only wants of its various buyer base, thus making a dynamically evolving monetary expertise house.
Ameria was the primary in Armenia to create ecosystems for each companies and people, which give one-window entry to a spread of banking and non-banking providers, amongst them – Property.ameriabank.am, Automarket.ameriabank.am, Enterprise.ameriabank.am.
As a really customer-centric firm, Ameria goals to be a trusted and safe monetary expertise house with seamless options to enhance the standard of life.
Ameriabank is supervised by the Central Financial institution of RA.
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