Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Individuals and businesses, near and far, all welcomeTrust and reach across the globeChoosing the Best Gifts for March 8 and Paying with the Idram&IDBank AppUcom Spring Offer: HONOR X7d 5G Smartphone and Valuable GiftsAraratBank: Update+ - New Loan Offer with 2% Cashback “My phone rang…”: IDBank warns about a rise in fraud using the “call from the bank” scheme.Ucom Is Recognized as Armenia’s No. 1 Operator for the Fastest Mobile Internet and the Best Fixed Network Unibank’s perpetual bonds have been listed on the Armenia Securities Exchange Armenian Company E-auto to Officially Represent HONGQI Vehicles in Georgia2% Cashback on Payments Made with AraratBank Arca CardsOrder an IDBank Arca Classic card and enjoy up to 2% cashbackIDBank has summed up the raffle held within the framework of IDsalary payroll package: 55 lucky winners have received their prizes Ucom and Hero House Yerevan Continue Cooperation KardaLove 5th Anniversary Festival Held under the Title Sponsorship of AraratBankAmeriabank Opens a New Branch in Artashat: Special Offers for New CustomersDangerous Generosity: IDBank Warns of a Rise in Fake Online SurveysJustice Turned Into a Show: The Real Purpose Behind the Case Against Vahe HakobyanIdram, Mediamax and Hayordi Foundation Launch Initiative Ahead of Book Giving DayAraratBank Receives Mastercard “Excellence in Strategic Marketing” AwardIDBank has opened a representative office in Glendale, California
All Timeline »
Economics

Moody's upgrades long-term deposit ratings of Unibank to B1, outlook stable

Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA have been upgraded to b2 from b3, long-term local and foreign currency Counterparty Risk Ratings (CRRs) to B1 from B2, and the long-term Counterparty Risk Assessment (CR Assessment) to B1(cr) from B2(cr). In addition, Moody's affirmed the Not Prime (NP) short-term local and foreign currency bank deposit ratings, NP short-term local and foreign currency CRRs and the NP(cr) short-term CR Assessment.

The upgrade of Unibank's BCA and Adjusted BCA to b2 from b3 is driven by a significant improvement in loan book quality and profitability over the last two years, while maintaining strong liquidity buffers. The upgrade of the bank's long-term local and foreign currency bank deposit ratings to B1 from B2 follows the upgrade of the BCA.

The net financial result of AMD 8.2 billion last year was largely driven by net interest income amid 35% growth in the loan portfolio. The bank's recurring revenue will continue to improve in the next 12-18 months thanks to stronger net interest margin and fee and commission income stemming from growing loan portfolio and transaction business.