Newsfeed

Soldier Artyom Tovmasyan Died in the Road Traffic Accident of "Ural" Military Vehicle

Ashot Manucharyan: Russia Does Not Need Parliamentary Armenia

Encyclopedia Britannica renames article "Armenian Massacres" into "Armenian Genocide"

Samvel Farmanyan: Turkey will recognize Armenian Genocide and will do it under pressure of its own public

President of the Republika Srpska: We should make out contribution to fight against Genocide denial

Arrested member of Founding Parliament Movement goes on hunger strike

Greece will be represented at level of parliament speaker at Armenian Genocide Centennial events in Yerevan

Views from Brussels: All EU countries welcome new economic ties if sanctions against Iran are lifted

Expert: By turning Armenia from EU to EEU, Putin's Russia is all the same unable to build "integration" on fear and blackmail

View from Brussels: Though the Russians can Stoically Endure Privations, Putin Should Estimate the Future Scenario of Russian Economic Isolation

Russian Polymetal International plc to Re-Activate Lichqvaz-Tey Mine

Putin hopes conflict situation around Pope's statement on Armenian Genocide will be settled

1st and 2nd Issue of Foreign Currency Denominated Bonds by ARMSWISSBANK Placed at NASDAQ OMX Armenia

Rostelecom Launching a New Project together with the faculty of Radio Engineering and Communication Systems of National Polytechnic University of Armenia

Turkish PM's top adviser Etyen Mahcupyan dismissed after Genocide remarks

Azerbaijan's Foreign Ministry slams European Parliament's resolution of Armenian Genocide centennial

ANCA: European Parliament Armenian Genocide Vote Shines Spotlight On President Obama

Erdogan: "Decision the European Parliament would go in one ear and out the other"

Offended at Europe, Ankara makes feeble attempt to shuffle off the blame for Genocide on to Europe

US Ambassador to Azerbaijan says United States may not attend Gallipoli Victory events

Steven Blockmans: Liberalization of visa regime and Horizon 2020 only thing Armenia expects from Riga Summit

Nalbandian: European Parliament Proving its Commitment to Universal Values

European Parliament Adopting Resolution on Armenian Genocide

Eduard Sharmazanov: European Parliament's Resolution on Genocide of Armenians powerful blow on Ankara's denial policy

Ucom Employees Establish Alley in Tsitsernakaberd

Yerevan Brandy Company recreates legendary brandy "Armenia"

Recep Erdogan: European Parliament's Resolution on Armenian Genocide of No Meaning to Turkey

Russian analyst: Yerevan has never been guided by the principle "either Moscow or Brussels"

Acting Spokesperson for U.S. Department of State fails to give a direct answer to the question on Armenian Genocide

Children who Survive on a Pension

Russian analyst: Moscow and Yerevan to seriously discuss the matter of Serzh Sargsyan's possible successor

Erdogan's Advisor: Events of 1915 cannot help being called genocide

VTB Bank (Armenia) and MasterCard announce winners of "At the Wheel with VTB" joint campaign

German Government abstains from using "genocide" term when describing persecutions against Armenians, Christiane Wirtz says

Ameriabank launches Ameria Mobile Banking app for remote users

AMD depreciation and lending reduction affect Armenia's securities market

State Duma Speaker to Represent Russia At Turkish Gallipoli Victory Celebrations

Newspaper: Hillary Clinton Might Probably Visit Armenia on April 24

Turkish Ambassador: Sooner or Later the World Will Acknowledge the 1915 Facts

Pope Francis to Visit Armenia in 2016

International human rights NGOs call on world community to boycott European Games and impose sanctions on Azerbaijan

ArmSwissBank Intending to Enter the Market of Corporate Bonds

Expert: Turkey and Russia have common interests

U.S. Ambassador: Some projects in Armenia will be suspended

Vice-President of European Parliament: Our Attitude Would Be the Same if Armenia's Fate Had Befallen Turkey

Samvel Farmanian: Pope's statement will greatly help stepping up process of international recognition of Armenian Genocide

Italian Foreign Affairs Minister Criticizing Ankara's Response to Pope's Statement

Statistics of anti-virus labs Kaspersky and McAfee: Armenia among Top-3 countries with most vulnerable users and websites

Knesset members to attend Armenian Genocide Centennial commemorations in Yerevan

200 Thsd Failed Hacker Attacks on Ucom Website

Exclusive

Ashot Manucharyan: Russia Does Not Need Parliamentary Armenia

Samvel Farmanyan: Turkey will recognize Armenian Genocide and will do it under pressure of its own public

Yana Amelina: "Weapon strategy" of Moscow will stop only after world geopolitical balance is restored

Vardan Voskanyan: Iran assumes functions of "a gendarme" to remove chaos in Middle East

“Angels” and “Demons” of Film Director Hovhannes Galstyan

Andrey Areshev: Karabakh-related humanitarian initiatives from Russia could be useful

Sevak Sarukhanyan: Concerns about possible emergence of ISIS in Azerbaijan focus Tehran's attention on Baku

Alexander Zinker: Israel has never before been so close to recognition of Armenian Genocide

Andrey Yepifantsev: Russia and Armenia have what to keep silence about

Promise to convict Permyakov at 102nd Russian military base in Armenia is already a big gesture of Russia

Ruben Safrastyan: Turkey fears consequences of Armenian Genocide denial

Serious trends of geopolitical changes in South Caucasus lead to clashes and redrawing of borders

Armenian Men are Also Eager to Look Young

Karine Danielyan: The women who prefer being mothers deserve the same respect as female politicians

Georgian political expert: Putin has put his mind on implementing Primakov Doctrine

Gagik Mkrtchyan: Our country not only can but also should develop industrial production

Arthur Ashughyan: Future of lapidary industry depends on how competitive and efficient it is

Avaz Hasanov: OSCE MG, Russia, EU, or U.S. can impose no pressure upon Armenia and Azerbaijan in the matter of Karabakh

The key goal of Russia’s policy in Armenia is to prevent fusion of public protests with anti-Russian moods

Moody's assigns Ba1/NP/D- ratings to VTB Bank (Armenia)

  • by Siranush Manucharyan

  • Thursday, August 14, 23:08

 Moody's Investors Service has assigned the following ratings to VTB Bank (Armenia): local currency deposit rating of Ba1, foreign currency deposit rating of Ba3, bank financial strength of D- (equivalent to a ba3 baseline credit assessment [BCA]), and Not- Prime short-term deposit ratings. 

According to Moody's Investors Service, the bank's long-term global local currency deposit rating carries a negative outlook, the long-term global foreign currency deposit rating and the BFSR carry a stable outlook. 

The bank's Ba1 long-term local currency deposit rating incorporates the rating agency's assessment of a high probability of parental support from Russia-based Bank VTB JSC (deposits Baa2 negative; BFSR D- negative/BCA ba3). As a result, the bank's deposit ratings receive two notches of uplift from its ba3 BCA. 
The bank's standalone D- BFSR is supported by the bank's (1) close integration into the VTB group, which facilitates the bank's business origination and supports its funding and liquidity profile; (2) strong franchise in the corporate and retail segments in Armenia; and (3) good financial fundamentals namely capital adequacy, profitability and efficiency. Factors constraining the bank's standalone ratings include its aggressive lending strategy in 2010-13, which could result in heavy credit losses upon seasoning, as well as high credit risk concentrations. 

The press service of VTB Bank (Armenia) quotes Deputy CEO of VTB Bank Mikhail Yakunin as saying that that being universal and widely represented in Armenia, VTB Bank (Armenia) is quite active in the key sectors of the country's economy. 

"So, I am sure that Moody's ratings will foster our ties with old and new partners in Armenia and abroad," Yakunin said.
According to VTB Bank (Armenia)'s Yuri Gusev, Moody's ratings are important for the bank. "I would like to note that our ratings are limited by Armenia's country ceiling. So, if the latter is raised, our ratings may be reviewed," Gusev said.

Earlier Moody's assigned 'Baa3' ceiling for Armenia's local currency bond and deposits and lowered the country's foreign currency bond ceiling from 'Baa3' to 'Ba1'. The agency also changed Armenia's short- term foreign-currency bond ceiling to Not-Prime (NP) from Prime-3 (P- 3).  
Later Fitch Ratings has been affirmed Armenia's country ceiling at 'BB' and the Short-term foreign currency IDR at 'B'. The Long-term foreign and local currency Issuer Default Ratings (IDRs) were affirmed at 'BB- '. The Outlooks are Stable. The issue ratings on Armenia's senior unsecured foreign and local currency bonds were also affirmed at 'BB-'. 

VTB Bank (Armenia) joined VTB Group in Apr 2004. It sole owner is VTB Bank.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields