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Oppositionist says major topic of possible Sefilyan-Sargsyan meeting will be peaceful resolution of standoff rather than resignation of president

Members of opposition group threaten with civil disobedience throughout Armenia

Viva-Cell MTS offers roaming in Europe at special tariffs

TUMO Center for Creative Technologies to open in Koghb, near border village in Tavush region

Vitaly Balasanyan assures: President will invite Jirayr Sefilyan for a talk, after "Daredevils of Sasoun" put down arms and surrender

Democratic Party of Armenia comes out from political position, as standoff continues in Yerevan

Azerbaijan keeps violating ceasefire on Karabakh-Azerbaijan Line of Contact

Night at seized police patrol service station passed without incidents: Standoff in Yerevan enters day 8

"Daredevils of Sasoun" burn police car

Mass media: Activist Ani Navasardyan detained on charge of provoking mass unrest

Serviceman of NKR Defense Army killed from adversary's shot

Group of journalists arrives at seized building of the Police Patrol Service Regiment

Investigative Committee: Charges pressed against three citizens of Armenia for participation in mass disorders

"Sasna Tsrer" released the rest two hostages -Osipyan and Yeghiazaryan

Russian Foreign Ministry criticized EU's statement on events in Yerevan

Major General Vitaly Balasanyan provides details of his meeting with "Daredevils of Sasoun"

Armenian Foreign Ministry verifying if there were citizens of Armenia among Munich shooting casualties

National Security of Armenia confirms: Members of armed group voluntarily release two of four hostages

National Security Service of Armenia says two persons tied to armed group detained

Nikol Pashinyan: Levon Ter-Petrosyan and Serzh Sargsyan plot yielding territories around Nagorno Karabakh to Azerbaijan

"Daredevils of Sasoun" reportedly releases two of four hostages

NKR Defense Army soldier wounded, as Azerbaijan violates ceasefire

Armenia and UAE sign agreement to boost and protect investments

Sharmazanov: It is more likely that Kura River changes its course and falls into Black Sea than Karabakh becomes part of Azerbaijan with any status

Galust Sahakyan: Talks on possible resignation of Armenian government are rumors

Russian political scientist: Destabilization of situation and pressure on authorities prevail in "Sasna Tsrer" group's actions

Statements that five districts adjacent to Nagorno Karabakh will be passed to Azerbaijan exert pressure on the process, Bryza says

Levon Ter-Petrosyan: It is senseless to analyze the reasons that led to armed seizure of state building

President: In Armenia problems are not settled through brutal force and hostage taking - this situation continues longer than we can afford

Serzh Sargsyan: Punishment of those guilty inevitable

Newspaper: After talks with "Daredevils of Sasoun," Vitaly Balasanyan met with Serzh Sargsyan

Social media warn: physical attack prepared on Nikol Pashinyan

Views from Tel Aviv: Loss of control over country may push external powers to settle Karabakh conflict not in favor of Armenian people

Armenia's Defense Ministry confirms: Azerbaijani side targets school in near border village of Movses

Maria Zakharova slams Armenian and Azerbaijani journalists

Azerbaijan keeps intensively violating ceasefire on Line of Contact

Republican Party of Armenia for peaceful resolution of standoff and hostage situation in Yerevan

Night was calm near seized building of Patrol Police Station in Yerevan

Government of Armenia dismisses idea of creating "Aviation Code"

Cyber security specialists to be trained in Armenia with support of Kaspersky Lab

Zakharova: Moscow hopes process around Nagorno Karabakh will not lose its dynamics

Paul Goble says Moscow has lost its interest in Christian Armenia and is moving to increase its ties with majority Shia Islamic Azerbaijan, Armenia's longtime enemy, and now with Sunni Turkey

Vartan Oskanian sees the solution to the current situation in Yerevan in political field only

Meeting of Vitaly Balasanyan and armed loyalists of jailed oppositionist is over; no details are reported

Maria Zakharova: We support measures taken by Armenia's authorities over seized Patrol Service Regiment in Yerevan

EU Delegation in Armenia makes a statement on recent events in Armenia

Forecast: Russian policy's stagnant Armenian vector fraught with "Ukrainization" of Armenia

Authorities send Vitaly Balasanyan to rebels as negotiator

View from Moscow: Role of April war in current protests in Armenia should not be underestimated

Healthcare Minister: None of those suffered in clashes at Khorenatsi Street is in extremely critical condition

Regional

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

  • by Siranush Manucharyan

  • Friday, August 15, 04:08

 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.

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