Fast Bank has received a B+ sustainability compliance ratingFast Bank has achieved a B+ sustainability compliance rating from the German organization 'Agents for Impact', which corresponds to a 'GOOD' level. The assessment takes into account the quality of management, social responsibility, and environmental impact at both operational and strategic levels.
According to the report, Fast Bank's overall sustainability performance significantly exceeds the global acceptability threshold, highlighting its commitment to responsible financing, inclusive economic growth, and ethical governance. The rating also emphasizes the Bank's dedication to a customer-centric policy and services accessible to all social strata.
Misak Avagyan, the Bank's manager of environmental and social risk management, stated that the received rating reflects the Bank's significant progress and compliance with the UN Sustainable Development Goals (SDGs) and the principles of environmental protection, social responsibility, and governance (ESG). “The rating opens new opportunities for developing and deepening the Bank's collaboration with international partners in sustainability-based initiatives and programs. It should also be noted that according to the report, the Bank has made significant progress in incorporating environmental and social risk assessment practices into its lending processes,” he said.
It is also noteworthy that the rating was obtained as a result of an independent assessment conducted using the specialized AFISAR sustainability compliance rating tool. The Bank's sustainable development goals were evaluated, including poverty alleviation, gender equality, decent work and economic growth, supporting inclusive communities, promoting equality, and other processes. In the environmental sector, Fast Bank has also begun to develop fundamental systems for efficient resource use and raising awareness about the environment.
Fast Bank is a company aiming to become a digital bank, operating 24/7 and present in Yerevan and all regions of Armenia.
Fast Bank is regulated by the Central Bank of Armenia.
