Evocabank has received a Ba3 rating from Moody’s with a positive outlook, aligning with Armenia's sovereign rating.
Evocabank has been assigned Ba3 long-term ratings for deposits in both local and foreign currencies, as well as issuer ratings by Moody’s Ratings, which are at the same level as the sovereign rating of the Republic of Armenia (Ba3 positive).
According to Moody’s, Evocabank’s Ba3 baseline credit assessment (BCA) reflects the Bank's strong capital buffers, stable profitability, and diversified funding base.
Moody’s also highlights Evocabank’s diversified credit portfolio structure, which includes corporate, small and medium enterprises (SMEs), and retail lending, as well as the Bank's focus on secured lending.
The Bank's funding base has also been rated as diversified due to its established customer base and long-term cooperation with international financial institutions.
The ratings granted by Moody’s represent a significant achievement for Evocabank, enhancing the Bank’s recognition and contributing to the further development of relationships with international financial institutions and investors.
