Fitch retained Ameriabank`s rating at with a "Stable" forecast

ArmInfo. Fitch retained Ameriabank's (B +) long-term foreign and local currency IDR at $ B +  with a Stable outlook, according to a Fitch Ratings press release dated August 23, 2017. This is a long-term in the foreign and local currency IDR, and a short-term foreign and local IDR National  currency is saved at level "B".

The bank's performance, capital and liquidity buffers remain  reasonable, supported by a recovering domestic economy and currency  stability, although high balance-sheet concentrations and loan  dollarisation pose risks. 

According to the Financial Rating of Armenian Banks as of June 30,  2017, Ameriabank is leading in terms of total capital, assets, credit  investments, liabilities, attracting funds from international  structures. In addition, Ameriabank ranks second in terms of charter  capital, investments in securities, and net profit. The Bank takes  the third position in term deposits, both legal and physical persons,  while leading on deposits of the legal entities 'access to  information and taking the second place on deposits of individuals'  demand deposits. As of July 1, 2017, the total capital of Ameriabank  was 67.8 billion AMD, charter capital - 39.8 billion, assets - 653.3  billion, credit investments - 419.9 billion (64.3% of assets),  investments in securities - 67.3 billion (incl. In state bonds - 58.3  billion), liabilities - 585.5 billion, term deposits - 200.6 billion,  demand deposits - 185.4 billion, attracted from international  structures - 154.8 billion AMD. The bank increased its loan  investments by 20.7% on an annual basis, ensuring an annual growth of  assets by 25.1%.  Term deposits of individuals increased by 18.7%  year-on-year, almost doubled the demand deposits (most significantly,  legal entities). The first half-year Ameriabank completed with a net  profit of 3.3 billion AMD with an annual growth of 55.8%. Ameriabank  is also very active in terms of issuing corporate bonds: on the  Nasdaq OMX Armenia stock exchange, 5 issues of Ameriabank bonds are  currently quoted - two AMD 2.5 billion AMD and three USD totaling $  35 million, all of which are quoted in the main Abond exchange list.

"Ameriabank" CJSC is a universal bank that provides investment,  corporate and retail banking services in the form of a comprehensive  package of banking solutions. The Bank has distinctive awards: from  Global Finance (2016, 2015, 2013, 2012), from The Banker/FT (2016,  2015, 2013, 2010), from Euromoney - premium "Excellence" (2017, 2016,  2014, 2012, 2011). The bank's shareholders are Ameri Group - 65.8%,  EBRD - 20.7%, ESPS Holding Limited - 13.5%. (The calculated exchange  rate of the dram as of 30.06.17 is 480.47 AMD/USD1).