Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Stable from Negative. Fitch has also affirmed the bank’s Viability Rating at 'b+'.
According to the Agency, the rating reflects the bank’s leading universal franchise (17% of system assets at end-3Q22), solid liquidity position, high capitalization, improved asset quality metrics and profitability.
Ardshinbank is the only company in Armenia with assigned ratings from the big three credit rating agencies (Fitch, Standard & Poor’s, Moody’s). The bank’s ratings are on the level of sovereign of Armenia.
Ardshinbank’s activity is regulated by the Central Bank of Armenia.