The affirmation of the Bank's deposit ratings along with the change in outlook reflects the Bank's resilient performance amid challenging times, stable asset quality and funding base, strengthening profitability metrics and ample liquidity.
Moody’s believes that Ameriabank's asset quality will remain stable due to good diversification of the Bank's loan portfolio and reduced exposure to foreign currency loans. The rating agency expects that Ameriabank’s profitability will be improving further and loss-absorption capacity will remain sound. The Bank’s liquidity and funding profiles are expected to remain stable, supported by good funding diversification, ample liquidity and access to alternative liquidity sources.
The stable outlook reflects the expectation of Moody’s that Ameriabank will sustain the improvements in its solvency and that the Bank's asset quality and capital will remain stable.