Mon, 6 October
22.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

Moody’s assigns Acba Bank its highest possible rating in Armenia

YEREVAN, October 6. /ARКА/. The international rating agency Moody’s has assigned Armenian Acba Bank a long-term national and foreign currency deposit rating, along with an issuer rating of Ba3, which comes with a stable outlook, as reported by the bank’s press service.

This rating corresponds with the rating of the Republic of Armenia and currently represents the highest rating that Moody’s has awarded in Armenia.

The assignment of this rating to the bank is based on its robust capital buffers and capacity to absorb losses, along with its high profitability, superior asset quality, and a diversified loan portfolio.

Moody’s further highlights Acba Bank’s systemic significance within the Armenian financial market, noting that it is one of the three largest banks in terms of asset size.

The Ba3 rating given to Acba Bank by Moody’s is also equivalent to the BB rating that Fitch Ratings has assigned to the bank, which aligns with Armenia’s overall rating.

Acba Bank is under the control of the Central Bank of the Republic of Armenia.-0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img