25.12.2017 19:39
YEREVAN, December 25. /ARKA/. Fitch Ratings’ bank sector outlook for Armenia in 2018 remains stable.
“The stable sector and ratings outlooks reflect our view that banks’ performance will benefit from continued healthy economic growth (we forecast GDP to expand by 3.6% in 2018 after 4.3% in 2017), driven by stronger exports and improving domestic demand, and relative currency stability as external pressures have eased,” the rating agency says in its report.
“We expect further reduction in sector vulnerabilities in 2018, although still high loan and deposit dollarisation levels (both 60%) remain a structural weakness.”
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