OREANDA-NEWS. The rating agency ArmRating/GlobalRating has raised ARARATBANK's credit rating from BB- to BB with stable forecast. According to the evaluation agency bank analyst K.Meliqyan, Bank's rating results from the stable development, positive dynamics and maximum transparency, reported the press-centre of ARARATBANK.

The possible increase in the dependence of the resource base on the ‘'on-call'' resources and private investors, also increase in sensitivity to the currency and credit risks in conditions of the financial crisis are among the factors which block the rise of rating. However, these factors are somehow neutralized due to the Bank's participation in the stabilization policy of the government which is maintained within the framework of the World Bank Credit programs and in conditions of of having access to the anti-crisis recourses, which are granted to the Republic of Armenia by Russian Federation to create productive demand by giving credits to small and medium businesses.

The rise of ARARATBANK's rating from ‘'BB-'' to "BB" with stable forecast is also a result of the increased political resources of the bank's main shareholder, the maintenance of the financial stability in conditions of the worldwide financial-economic crisis and due to the start of the Institutional Building Plan of the Bank implemented with the support of EUROPEAN BANK FOR RECONSTRUCTION and DEVELOPMENT.

According to the evaluation of the Head of ArmRating/GlobalRating agency E.Mkrtchyan, ARARATBANK has shown stable growth of its main indicators, and in spite of the critical phenomena in the economy of Armenia, which also touched the banking sector, it has kept the high quality of the assets, enough liquidity and moderate sensitivity to risks.