ACBA-CREDIT AGRICOLE BANK has been awarded a long-term Issuer Default Rating (B +) rating.

The published report of the agency notes that the Bank was awarded such rating due to its internal financial viability.

The Bank's absolute leading position in the field of agriculture financing, infrastructure, including availability of branches in all regions of the country, as well as high liquidity, were taken into account when determining the rating.

The report, published by Fitch, also notes that in the difficult macroeconomic conditions of recent years, the Bank focused on asset quality improvement. All this in turn contributes to the reduction of asset risk and profitability in the future.

The Fitch rating agency's rating is the highest possible for companies operating in Armenia and it reaffirms the leading positions of ACBA-CREDIT AGRICOLE Bank and the fact that it is a transparent financial structure.

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