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  • Archive for March 26th, 2020

    Fitch ratings: Russian and CIS banks pressured by coronavirus and oil price slump

    Thursday, March 26th, 2020

    The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region – Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable

    Ardshinbank and the Black Sea Trade and Development Bank have signed a USD 20 million loan agreement

    Thursday, March 26th, 2020

    Ardshinbank has received the fifth facility from the Black Sea Trade and Development Bank (BSTDB) in the amount of USD 20 million to support small and medium-sized enterprises (SMEs) in Armenia