Monday, June 8 2020 20:21
Karine Melikyan

S&P maintains Ameriabank credit rating at "B + / B" with "Stable"  Outlook

S&P maintains Ameriabank credit rating at "B + / B" with "Stable"  Outlook

ArmInfo. S&P Global Ratings  maintained Ameriabank's credit rating, leaving the forecast  unchanged. As ArmInfo was informed in the press service of the bank,  the long- and short-term credit rating of the issuer represented by  Ameriabank was kept at "B + / B" with the forecast "Stable". It is  worth noting that to this day, S&P has not assigned a country rating  to Armenia.

S&P Global Ratings believes that the credit rating of the sovereign  government of Armenia limits the level of bank ratings. As a result,  the long-term "B +" credit rating of Ameriabank is one step lower  than the "bb- " stand-alone credit profile (SACP) rating, and is  limited by the sovereign country rating of Armenia.

S&P maintained its rating and forecast for Ameriabank based on the  following criteria: sufficient liquidity, balanced risk management  policy, degree of brand recognition of the bank. All this together  will allow the bank to withstand the impact of the expected global  economic downturn due to the COVID-19 pandemic.  S&P notes that as of  March 31, 2020, Ameriabank's share in the total assets of the banking  system amounted to 15.5% (or 910.7 billion drams ($ 1.8 billion - 1st  position), with an annual growth of 17.4% - Ed.). According to S&P's  expectations, in 2021 Ameriabank's capitalization level will increase  due to new investments in capital, and the bank will be able to  maintain a stable base of individuals and legal entities and a high  level of liquidity.

According to the Financial Rating of the Banks of Armenia as of  December 31, 2019, prepared by IC ArmInfo, Ameriabank continues to  lead in the main financial indicators. The bank's assets amounted to  968.1 billion drams ($ 2.02 billion, first position), credit  investments - 579.6 billion drams ($ 1.2 billion, first position),  investments in securities - 77.3 billion drams ($ 161.1 million,  first position). About 74% of the bank's loan portfolio is corporate  lending, and a little more than 26% - at retail. In the bank's  corporate loan portfolio, the largest share of loans (20.1-20.4%) is  concentrated in the industrial sector and trade. In terms of general  obligations, the bank also maintains leadership - 866.9 billion drams  or $ 1.8 billion, in the structure of which liabilities to customers  (term deposits and demand deposits) amounted to 68.4% or 593.2  billion drams ($ 1.2 billion, 1st position), funds attracted from  international financial institutions - 22.1 % or 191.5 billion drams  ($ 399.2 million, 1st position).

 By the volume of liabilities on demand of legal entities, the bank  takes the 1st position, and by the volume of term deposits of  individuals - the 2nd. The total capital of the Bank amounted to  101.2 billion drams or $ 211 million as of this date, and the  regulatory total capital - 115.2 billion drams. Ameriabank completed  the year 2019 with a net profit of 12.1 billion drams or $ 25.3  million (1st position). The Bank ensured the standard of capital  adequacy ratio at the level of 14.74% (with the required min 12%),  the general liquidity - 27.85% (with the required min 15%), the  current liquidity - 94.46% (with the required min 60%).

It should be noted that Ameriabank, which has been operating in the  Armenian market since October 31, 1996, is a dynamically developing  bank of Armenia, one of the largest and most stable financial  institutions in the country. Today Ameriabank is a universal bank  providing a full package of corporate, investment and retail banking  services, and a leader in the banking sector of Armenia in all key  indicators (assets, liabilities, loan portfolio, net profit and  capital). The Bank has repeatedly received international financial  awards from Euromoney, Global Finance, The Banker / FT, IFC, and from  2008 Commerzbank has been awarded the STP-Award annually. The  shareholders of Ameriabank on April 1, 2020 are Ameria Group CY Ltd.  - 56.6%, EBRD - 17.8%, Asian Development Bank - 13.98%, ESPS Holding  Limited - 11.62%.  Ameriabank is the only financial institution in  Armenia that has a S&P credit rating (B +, with a stable outlook). In  May 2020, Moody's kept Ameriabank's credit rating at Ba3 with a  Stable outlook, expecting that, despite the difficult situation due  to the coronavirus pandemic, the bank's financial resources and  liquidity indicators will remain stable.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000