Moody’s withdraws Armenian Prometey Bank's B1 and E+ ratings

26.07.2013 13:52
Moody’s withdraws Armenian Prometey Bank's B1 and E+ ratings

YEREVAN, July 26. /ARKA/. Moody's Investors Service has withdrawn Armenian Prometey Bank's B1 long-term local and foreign-currency deposit ratings, not prime short-term local and foreign currency deposit ratings, and E+ standalone bank financial strength rating (BFSR), equivalent to a b1 baseline credit assessment. This information was published on Moody’s official website (http://www.moodys.com) Thursday.

Moody’s said the bank's long-tem deposit ratings had a negative outlook, while the BFSR and short-term deposit ratings had a stable outlook at the time of the ratings withdrawal.

“Moody's has withdrawn the rating for its own business reasons”, says the report.

Bank Prometey Ltd was established in 1990 and registered on October 2, 1991. On October 31, 1996 the Bank got general license №27 from the Central Bank of Armenia. The bank is owned by Prometey City (49.975%), Zakneftegazstroy-Prometey (46.125%). The bank currently has 9 branches across Armenia.

According to the banks’ audited financial statements for 2012, assets were $137.2 million and net profit was $3.7 million. –0--


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
Moody’s affirms Armenia’s rating at Ba3, maintains stable outlook2021-09-01 13:20:26 Moody’s affirms Armenia’s rating at Ba3, maintains stable outlook
Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh2020-10-09 16:07:36 Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh
Moody’s expects Armenia’s robust economic growth to benefit banks2019-03-29 18:40:38 Moody’s expects Armenia’s robust economic growth to benefit banks
CIS banks’ credit profiles hurt by weak corporate governance, while in Armenia this is less noticeable – Moody’s2019-03-19 22:16:07 CIS banks’ credit profiles hurt by weak corporate governance, while in Armenia this is less noticeable – Moody’s
Moody’s changes outlook on Ardshinbank’s ratings to positive from stable2018-03-16 18:49:40 Moody’s changes outlook on Ardshinbank’s ratings to positive from stable
Moody’s changes outlook on Armenia’s rating to positive from stable; B1 rating affirmed2018-03-12 18:40:18 Moody’s changes outlook on Armenia’s rating to positive from stable; B1 rating affirmed
Moody’s likely to revise Armenia’s sovereign rating2018-02-06 18:28:34 Moody’s likely to revise Armenia’s sovereign rating
Moody’s: Armenia maintains record of robust economic management2017-08-21 18:41:07 Moody’s: Armenia maintains record of robust economic management
Reforms in energy sector to improve Armenia’s Moody’s sovereign rating2017-07-17 16:20:47 Reforms in energy sector to improve Armenia’s Moody’s sovereign rating

«
»