Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s bank system approximately requires $750 mln additional capitalization, said the Fitch Ratings’ Director on Financial Institutions Dmitry Abramov.
Abramov says it concerns both small and medium banks. He stressed that if medium banks can attract capitalization more, this index is negative on small banks. After application of latest requirement on increase of capital, it’s possible Azerbaijan to have 30-35 banks.
Abramov stressed that Central Bank conducts its policy on support to economy through centralized credits. But, due to inequality was observed in the sectors of economy and disbalance is related with domestic political factors, the interest rate does not reduce. At the same time, high credit interest in Azerbaijan is related with risks in consumer lending.
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