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Fitch Ratings: business conditions will remain supportive for lenders in Armenia

06.12.2021 16:28

Fitch Ratings: business conditions will remain supportive for lenders in Armenia

YEREVAN, December 6, /ARKA/. The sector outlook for 2022 for banks in the CIS+ region is neutral, Fitch Ratings said. According to it,  business conditions will remain supportive for lenders in the region (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Russia, Ukraine and Uzbekistan), due to reduced pressure from the pandemic, healthy economic growth and the banks' reasonable capital buffers, which support continued credit expansion. In 2022, we expect broadly stable trends in banks' asset quality, profitability and solvency metrics.
Fitch believes the region's banking sectors have largely recovered from last year's disruptions, as suggested by healthy solvency metrics and the bounce-back of loan growth and performance ratios to pre-pandemic levels.

The impact of the downturn on asset quality was less severe than we had expected as a result of broadly stable macro environments. Banks' cushions of pre-impairment profit and sizeable capital buffers absorbed an only moderate rise in loan impairment costs. In 2021, Fitch revised most of the Negative Outlooks on bank ratings in the region to Stable. The remaining few Negative Outlooks are concentrated in Belarus (due to the Negative sovereign Outlook) and Armenia (due to residual credit risks from the 2020 downturn).
‘We expect a few selective positive rating actions in 2022, as reflected by Positive Outlooks on nine banks in the region; most of these are support-driven ratings of Ukrainian banks which are linked to/constrained by the Ukrainian sovereign rating, which is currently on Positive Outlook,’ Fitch said.-0-

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Fitch forecasts 7.4% for Armenia in 2021

27.09.2021 19:06

Fitch forecasts 7.4% for Armenia in 2021

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook, saying also that inflation accelerated to 8.8% yoy in August 2021, above the Central Bank of Armenia’s (CBA) target of 4.0%, driven primarily by global pressures on food prices (15.1% yoy), rebounding demand from the 2020 recession, and bottlenecks in supply chains

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Fitch Affirms Armenia at 'B+'; Outlook Stable

25.09.2021 22:37

Fitch Affirms Armenia at 'B+'; Outlook Stable

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

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Fitch Affirms ACBA Bank at 'B+', Outlook Negative

18.06.2021 23:16

Fitch Affirms ACBA Bank at 'B+', Outlook Negative

Fitch Ratings has affirmed the Armenia’s ACBA BANK Open Joint-Stock Company’s (ACBA) Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. A full list of rating actions is at the end of this commentary

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Fitch Affirms Ardshinbank at 'B+', Outlook Negative

18.06.2021 23:15

Fitch Affirms Ardshinbank at 'B+', Outlook Negative

Fitch Ratings has affirmed Armenia’s Ardshinbank CJSC’s (Ardshin) Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook

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Fitch downgrades Armenia to 'B+'; outlook stable

06.10.2020 18:05

Fitch downgrades Armenia to 'B+'; outlook stable

Fitch Ratings has downgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘. The Outlook is Stable

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Fitch affirms Armenia at 'B+'; outlook positive

27.05.2019 19:49

Fitch affirms Armenia at 'B+'; outlook positive

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Positive Outlook

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Fitch Ratings: CIS banking risks remain despite authorities' actions

16.04.2019 18:23

Fitch Ratings: CIS banking risks remain despite authorities' actions

Fitch Ratings says key risks have materialized in different CIS banking markets and, in some cases, remain sources of vulnerability

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