Ba3 Rating from Moody’s for Evocabank
Evocabank has received a Ba3 rating with a positive outlook from Moody’s, which is at the same level as Armenia’s sovereign rating.
Evocabank has received a Ba3 long-term local and foreign currency deposit and issuer ratings from Moody’s Ratings, which are at the same level (Ba3 positive) as the sovereign rating of the Republic of Armenia.
According to Moody’s, Evocabank’s Ba3 Baseline Credit Assessment (BCA) reflects the Bank’s strong capital buffer, solid profitability, and diversified funding base.
Moody’s also highlights the diversified structure of Evocabank’s loan portfolio across the corporate, small and medium-sized enterprise (SME), and retail segments, as well as the Bank’s focus on secured lending.
The Bank’s funding base was also assessed as diversified, supported by its established customer base and long-standing relationships with international financial institutions.
The ratings assigned by Moody’s represent an important milestone for Evocabank, strengthening the Bank’s recognition and supporting the further development of its relationships with international financial institutions and investors.