Moody's global rating agency has reaffirmed Ameriabank’s Ba3 long-term local currency bank deposits rating with stable outlook.

Ameriabank believes that rating affirmation is an important factor amid the situation driven by COVID-19.

Moody's decision to affirm the rating reflects a number of important criteria, including well-diversified loan book structure.

In particular, as of January 1, 2020, Ameriabank's loans to SME accounted for 17.4% of the bank's total loans. The bank's loans to individuals accounted for 25% of the total loan book, and were almost equally split between mortgages and consumer loans.

Moody’s long-term local currency bank deposits rating reflects:

- Diversified business profile and strong positions on the domestic market  
- Improved asset quality indicators and good loss absorption capacity, evidenced by robust capital buffers, good profitability and adequate problem loans coverage
- Sufficient liquidity and diversified funding base

“Despite the challenging environment amid the coronavirus outbreak Moody’s expects that the bank’s funding and liquidity profiles will remain stable,” said Ameriabank.