Moody’s rating agency has upgraded Converse bank’s rating
SOCIETY
Moody’s upgraded Converse bank’s BCA to b1 from b2 and affirmed the bank’s long-term deposit ratings at B1. The rating agency also upgraded the outlook on the B1 long-term deposit ratings to stable.
The stable outlook on Converse bank's long-term deposit ratings reflects Moody’s view that the bank will maintain its sound fundamentals over the next 12-18 months.
Commenting, Grant Akopian, Converse bank’s CFO said: “The upgrade of Converse bank’s BCA and stable outlook reflects the bank’s strengthened asset quality and capital adequacy and is a testament to the efficiency of the measures and the work we have done amid the present challenging environment for the banking sector. We remain committed to delivering robust financial performance, improving our liquidity and assets quality metrics”.
According to Moody’s report, the upgrade of Converse bank's BCA and Adjusted BCA to b1 from b2 is driven by the bank's strengthened capital adequacy, profitability, and liquidity over the last two years. The upgrade of the bank's long-term CRRs to Ba3 from B1, and the upgrade of the long-term CR Assessment to Ba3(cr) from B1(cr) follows the BCA upgrade.
The full Moody’s report can be accessed at the following link.
Converse Bank is supervised by the CBA.
Idram and IDBank as participants of Career City Fest
Ucom provides four bus stops in Ijevan with free Wi-Fi
An exhibition dedicated to Charles Aznavour's centennial anniversary Yerevan, May 22 – July 22
Caring for nature, we have started with ourselves - Team Telecom Armenia
Up to 10% cashback from GetTransfer with IDBank cards
Amio Visa Signature Business card. When the opportunities are unlimited
Up to 1% cashback when shopping on Wildberries with IDBank cards
Ucom continues network modernization in regions of Armenia
Co-founders of Galaxy Group of Companies Co-Hosts Business Breakfast to Strengthen Armenian-French Business Ties
Leasing agreement and a number of advantages. Amio is in the Leasing Expo with a special offer
International transfers from card to card with IDBank VISA cards
Idplus Bonuses in Idram&IDBank Application
Ucom has released a new package offer
Ucom continues network modernization in regions of Armenia
Idram and IDBank participated in the signing ceremony of the Declaration of Women's Empowerment Principles
General Director of Ucom participated in Doing Digital Forum 2024
AraratBank: General Partner of Face-to-Face Regional Forum
4.017.648 Drams to My Forest Armenia: April Beneficiary of The Power of One Dram is 4090 Foundation
Ucom continues to support green energy expansion in Armenia
Spring brought so much profit. It is a profitable promotion at Amio Bank
Director General of Ucom took part in a recruiting conference
Ameriabank named the Best Bank in Armenia for 2024 by Global Finance magazine
AraratBank places its 27th issue of dollar bonds 
Ucom launches network modernization efforts in few regions of Armenia
Ucom Launches Network Modernization Efforts in Regions of Armenia
5 000 dram bonus from IDBank for pension card holders
World Bank Armenia has organized discussion on facilitating women’s wider engagement in sectors that have been traditionally male dominated in the country
IDBank as a Participant in the Conference of My Forest Armenia NGO
IDBank issues the 1st tranche of dollar bonds of 2024
In 2023, the SME Loan Portfolio of Ameriabank Reported More Than 30% Growth
Mining plays an important role in providing materials for energy transition and green economy: Roman Khudoli
Amio digital cards with unlimited opportunities and 5% cashback
International Client’s Day at IDBank
Termination of service of MIR cards. IDBank
Three Sad Stories about Fraudsters
Ucom showed high and stable growth in fixed and mobile communications in 2023 
The number of Team mobile subscribers is over 1 million
On the occasion of International Women's Day ZCMC employees were awarded
3,780,052 Drams to the City of Smile Fund: The Power of One Dram Will Go to My forest Armenia in March
Global Finance Recognizes Ameriabank's Leadership in Sustainable Finance in Armenia
How AMIO succeeded in gathering its team, partners and customers around a common goal
What to Give on The Occasion of Women's Day? Idram and IDBank
Half Price for Everyone and up to AMD 15.000 Welcome Bonus for New Customers. IDBank
Ucom congratulates everyone with spring holidays with a special offer
Doing Digital Forum Returns Featuring Brett King as Keynote Speaker
We celebrate the successes of AMIO BANK and Ingo Armenia in 2023
ZCMC declares, that the Russian company GeoProMining LLC has never been and is not currently a shareholder of the Company, nor does it have any stake in the Company's ownership structure
A Millionaire Wanted: New Draw from Idram
Ucom's fixed network is now available at Ashtarak
Visa & Unibank Unique opportunities to Olympic Games fans thanks to Visa in Armenia 
