Fitch Ratings has reconfirmed CJSC Ameriabank’s Issuer Default Rating (IDR) rating at ‘B+’, revising the Outlook on Ameriabank's Long-term Issuer Default Rating (IDR) to Stable from Negative assigned a year ago.

The reconfirmation of such a rating reflects the bank’s reasonable financial metrics, significant absorption capacities, wholesale funding maturities and high reputation.

Fitch attached importance to the circumstance that despite high competitiveness in Armenia’s banking system, Ameriabank has established stable position in the market,  retaining its leadership position in the area of rating (with 14.8% market share), as well as  trade funding and responsibilities to clients (with 15% market share).

By revising the Outlook on Ameria's ratings to Stable, Fitch expects that the bank will retain its stable position, remaining resilient to pressures from the comlex external environment. Besides, the bank also has a fairly strong ability to absorb impairment through earnings and has improved capital buffer thanks to the USD 30mln equity injection by the European Bank for Reconstruction and Development (EBRD) in December 2015. 

Issuer Default Rating (IDR) rating at ‘B+’ will contribute to the recognition of Ameriabank in the international area, raising the level of confidence toward the bank, and expanding partnership relations with foreign investors in Armenia.