Axar.az
UP
18 October 2017


Lending will narrow 5% in Azerbaijan

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Package of support to International Bank of Azerbaijan (IBA) may include reduction of short-term foreign currency balance of the bank. They may convert liabilities to the state into national currency. At present IBA holds 10% of overall banking sector.

Axar.az reports citing Report news agency that, Fitch rating agency presented a report on Azerbaijani banking sector.

Fitch expects lending in Azerbaijan to narrow by 5% this year: “Unhealthy debts in Azerbaijan banking sector made up 21% by the end of last year. However, this indicator was 12% in 2015. 48% of overall loans is in foreign currency, that will make a pressure in 2017. We expect lending to narrow by 5%”.

Date
2017.03.16 / 19:14
Author
Axar.az
Comments
loading...
See also

Protocol to build a bridge between Azerbaijan and Russia

New European company to acquire gas from Shah Deniz 2

Buta Airways appeals to passengers

Ambassador Cekuta: New Silk Road provides unique ability

Exchange rates for today

Oil prices have changed

Finance minister on a visit to US

Nobel 2017 in economics was announced

Exchange rates for today

TANAP set for completion ahead of schedule

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla