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Fitch revised Acba Bank's "B+" rating with a "Positive" outlook

The prestigious rating agency Fitch (Fitch Ratings) revised the long-term Issuer Default Rating (IDR) outlook for Acba Bank from "Stable" to "Positive".

The report published by the agency states that the revision is due to the improvement of RA's rating perspective and the quality of the bank's credit portfolio, as well as the strengthening of the level of resources and liquidity involved.

The report also states that, in the latter's expectation, positive economic conditions will be maintained and will contribute to the strengthening of the bank's financial stability, increase in profitability, increase in the level of liquidity and the quality of the bank's assets will remain high.

The bank is controlled by the Central Bank of Armenia.

In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 13.07.2023 15:44
Acba bank is supervised by the CBA.
82-84 Aram Street, Yerevan, Armenia
E-mail: acba@acba.am