Fitch Ratings has assigned ACBA-CREDIT AGRICOLE BANK a Long-term Issuer Default Rating B + (IDR). According to a report released by the agency, the Bank has been awarded due to the internal financial viability.

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

A report released by the Fitch rating agency notes that in recent macroeconomic conditions, the bank focused on raising the asset quality, which led to a rapid growth of the loan portfolio. 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 position of ACBA-CREDIT AGRICOLE BANK and the fact that it is a transparent financial institution.

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