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Lorem Ipsum is simply dummy text of the printing and typesetting industry.2024-02-09 14:36:28

02/09/2024 14:36
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Fitch Ratings international rating agency raised the Long-term Issuer Default Rating (IDR) of Armeconombank  by one notch from "B" to "B+" with a stable outlook. .

At the same time, the Bank's Viability Rating (VR) was raised from "b" to "b+".

"The upgrade of the Bank’s ratings reflects our view that considerable improvements in operating profitability and capitalisation, which the Bank reported in 2022-2023, have proved sustainable.

The Bank’s asset-quality metrics are significantly better than the sector average"-Fitch Ratings reported.

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