APA-Economics reports quoting the agency, the following ratings have been withdrawn:
- Long-term local-currency deposit rating of Caa2
- Long-term foreign-currency deposit rating of Caa2
- Short-term local and foreign-currency deposit ratings of Not Prime
- Long-term Counterparty Risk Assessment of Caa1(cr)
- Short-term Counterparty Risk Assessment of Not Prime(cr)
- Baseline credit assessment (BCA) of caa3
- Adjusted Baseline Credit Assessment of caa3
At the time of the withdrawal the long-term bank deposit ratings carried
a negative outlook.
Headquartered in Baku, Azerbaijan, Bank Technique reported total assets
of AZN568.5 million, total shareholders' equity of AZN49.8 million and
net income of AZN1.3 million, according to audited International
Financial Reporting Standards as of 30 June 2014.
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