Facebook
Google Extention
RSS
Saturday, March 25

News

 

Moody's upgrades ratings of Unibank

 
 Friday 10 March 2017
Photo: Unibank
 

Moody's Investors Service (Moody's) reviewed and upgraded today the long-term local and foreign-currency deposit ratings of Armenia's Unibank to B2.

The bank remarked that the rating agency has also upgraded Unibank's baseline credit assessment (BCA) to B3. Moody’s also affirmed the bank's Counterparty Risk Assessment (CR Assessment) to B2(cr)/Not Prime(cr). The outlook on the deposit ratings is stable.

The upgrade of Unibank's deposit ratings is driven by the recent strengthening of its capital position and improving of its assets. According to Moody’s the bank increased its total regulatory capital by 68% in 2016 compared to year-end 2015.

As a result, Unibank’s assets were estimated AMD 186,4 bn, while liabilities made AMD 150,7 bn. The bank's total capital exceeded AMD 35,7 bn.

 
< Back
Total views  6019
 
Comments
Dear visitors, You can place your opinion on the material using your Facebook account. Please, be polite and follow our simple rules: you are not allowed to make off - topic comments, place advertisements, use abusive and filthy language. The editorial staff reserves the right to moderate and delete comments in case of breach of the rules.
 
Back to top
Banks.am-ի նյութերին մշտապես տեղյակ լինելու համար սեղմեք
Архив новостей
Day Month    Year