ArmInfo. Fitch Ratings has revised the Outlook on CJSC Ameriabank's Long-term Issuer Default Rating (IDR) to Stable from Negative, while affirming the IDR at 'B+'.
The affirmation of the bank's IDR, which is driven by its 'b+' Viability Rating (VR), reflects the bank's reasonable financial metrics, albeit under moderate pressure from a challenging operating environment. The VR also reflect Ameria's respectively moderate and solid loss absorption capacities, adequate liquidity buffers in light of upcoming wholesale funding maturities and strong domestic franchises, the press-service of the Fitch Ratings informs.
The revision of the Outlook on Ameria's ratings to Stable reflects Fitch's expectation that the bank is likely to remain resilient to pressures from the difficult operating environment, as reflected by only moderate deterioration of its asset quality and sound collateral
coverage of problem loans. The bank also has a fairly strong ability to absorb impairment through earnings and improved capital buffer following the USD30m equity injection in December 2015.
This revised rating and improved forecast will promote international recognition of Ameriabank, raise its credibility level, as well as expand its partnership relations with foreign investors.
To recall, Ameriabank retains leadership in such key financial parameters as assets, lending, corporate financing, general obligations, lending, investment in securities, and payables to the customers. In addition, the Bank is confidently advancing to leading positions in terms of net profit, total capital, authorized capital, interest and non- interest incomes. Efficient lending helped the bank increase profits . With EBRD entering its capital, Ameriabank will become the leader by total and statutory capitals too. So far, before the EBRD's investments are registered, the bank's shareholder is Ameria Group CY Ltd - 100%. As an absolute leader in the market by assets, loans, liabilities and deposits, Ameriabank provides full- fledged solutions in corporate, retail and investment banking. Having multiple excellency awards by Euromoney (2014, 2012, 2011), Global Finance (2015, 2012, 201 3), The Banker/FT (2015, 2013, 2010), Ameriabank is committed to invest in cutting-edge technologies and unparalleled customer service.