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Quality of Azerbaijan based banks assets down

Quality of Azerbaijan based banks assets down

04 March 2010 10:18 (UTC +04:00)

BakÄ±. Nicat Mustafayev â€“ APA-Economics. The IMF mission in Azerbaijan prognosticates that, the quality of Azerbaijan based banks assets will be down, in 2010, told Nienke Oomes, leader of this mission.

According to her a fall in prices can result in a fall in the value of mortgage security for loans. This, in turn, can cause quality degradation of banksâ€™ assets.

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