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
The Widely Discussed Dvin Crown Project. A New Visibility Platform for Brands Has Emerged in the Heart of YerevanAmeriabank named Most Innovative Digital Bank in Armenia, alongside 9 Global Finance Digital Banking AwardsUnibank and Picsart Academy Host Kids Day for ChildrenUnibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%Artur Hovhannisyan and the Ambassador of Bulgaria to Armenia discussed a number of programs of mutual interest to Armenia and Bulgaria A new and fantastic story was born in the heart of Yerevan—the spirit of the old city at Hayasa Hotel Old YerevanConverse Bank is Lead Sponsor of the BACEE International Banking Conference Ralph Yirikian on the Cost of Digital Transformation at the 13th Regional HR Conference You Can Now Pay with Idram on Glovo: The Long-Awaited Partnership Is Now a RealityRate.Trading: Currency Exchange on a New Digital PlatformIdram's "City of Good Deeds": From Teamwork to Real Charitable Projects Ucom and FAST Bring Together Artificial Intelligence and Green Innovation From Car Selection to Purchase – All in One Place: Ameriabank to Present its Myar.am Platform and Special Offers at Armenian Auto Show IDBank and the “Dekavva Fund” Stand with People from Artsakh Ucom Supports AI-Powered Camera Installation for Nature Conservation Dmitry Ishkhanov Opens the New Steinway’s Concert Life in Pardubice Ucom Fellowship Participants Meet Ralph Yirikian at UcomUnibank Becomes Title Sponsor of Alashkert Football ClubSergey Smbatyan’s Music for Future Foundation and the Lang Lang International Music Foundation Invite Young Pianists to Apply for the Prestigious Lang Lang Young Scholars ProgramUnibank Call Center Now Available 24/7 on Weekdays
All Timeline »
Society

Moody's affirms Converse Bank's ratings and changes outlook to positive from stable

July 30, Yerevan - Moody's Ratings has affirmed Converse Bank's long-term deposit ratings at Ba3 and changed the outlook to positive from stable. At the same time, the agency affirmed all of the Bank's ratings, including its ba3 Baseline Credit Assessment (BCA) and Adjusted BCA.

The change in the outlook follows the revision of the outlook on the Government of Armenia to positive from stable and reflects Moody's assessment of the improvement in the country's macroeconomic and operating environment.

According to Moody's, the positive outlook reflects the government's improving capacity to support the banking system and the country's largest banks, if needed, as well as improving operating environment.

The affirmation of Converse Bank's ba3 BCA reflects the agency's expectation that the Bank will preserve its robust credit metrics over the next 12–18 months.

According to Moody's, Converse Bank's ba3 BCA is supported by its strong loss-absorption capacity, stable funding profile, robust liquidity and strong capitalization.

Moody's press release is available here.

Conversebank.am | 010 511 211

Converse Bank is supervised by the CBA.