YEREVAN, August 22. / ARKA /. Moody’s international ratings agency has left unchanged Armenian Ardshininvestbank’s Ba2 long-term, Not-Prime short-term local currency deposits, Ba3 long-term, Not-Prime short-term foreign currency deposit as well as D (BFSR) financial stability ratings.
“Given the difficult economic situation of previous years, I consider Moody’s decision to preserve the ratings as high estimate of our bank, and at the same time as a necessary step towards sustainable development,” the acting chairman of Ardshininvestbank board, Karapet Gevorgyan, was quoted as saying in a press release.
He said also these ratings will enable the bank to attract fresh funds from international capital markets, as well as develop relationships with old and new partners, both in Armenia and abroad.
According to the press release, Ardshininvestbank was awarded BFSR criterion on D scale, Ba3 rating due to high levels of capitalization, as well as for being one of the banks with the most extensive network of branches in Armenia.
Ardshininvestbank offers universal banking services throughout the territory of Armenia, and also has offices in Nagorno-Karabakh. The Bank is actively investing in many sectors of the economy .
The main shareholders in the bank are Business Investments Center Ltd. (87.23%) and the International Finance Corporation (10%). The bank is an affiliate member of the international payment system MasterCard / Europay, and has shares in Armenian Card (ArCa) payment system. -0-
