{"id":250248,"date":"2022-03-21T10:45:51","date_gmt":"2022-03-21T10:45:51","guid":{"rendered":"https:\/\/armbanks.am\/2022\/03\/21\/250248\/"},"modified":"2022-03-21T10:45:51","modified_gmt":"2022-03-21T10:45:51","slug":"fitch-ratings-russian-presence-in-armenian-banking-sector-poses-moderate-risk","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/03\/21\/250248\/","title":{"rendered":"Fitch ratings: Russian presence in Armenian banking sector poses moderate risk"},"content":{"rendered":"\n<p><strong>YEREVAN, March 21, \/ARKA\/.\u00a0<\/strong>Russian presence in the Armenian banking sector poses a moderate risk, Fitch ratings said in a press release.<\/p>\n\n\n\n<p>\u00abA sole Russian bank accounted for 5% of assets as of 1H21, but relies primarily on local funding, and its operations currently do not appear to be affected,&#8217; the ratings agency said.<\/p>\n\n\n\n<p>Non-residents accounted for over 22% of total banking system deposits (or 11.7% of GDP) as of January 2022, but Fitch believes the risks of large-scale deposit flight is currently limited.<\/p>\n\n\n\n<p>The sector has historically suffered from low profitability (the net interest margin was 4% in 2021), but asset quality is solid (non-performing loan ratio of 1.7% as of January 2022), capitalisation is high (the Tier 1 Capital Ratio was 15.6% as of January 2022), and liquidity is strong (31.8% of total assets and 123.6% of short-term liabilities as of November 2021).&nbsp;-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian presence in the Armenian banking sector poses a moderate risk, Fitch ratings said in a press release<\/p>\n","protected":false},"author":1,"featured_media":156558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[353],"class_list":{"0":"post-250248","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-fitch"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250248"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156558"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}