Baku - APA-Economics. “According to reports, Nakhchivanbank Supervisory Board passed a decision on December 25 to calculate the repayment of individuals’ USD loans under the exchange rate of 1.05 AZN/USD. A small bank Nakhchivanbank’s loan loan portfolio makes $934 mln and covers 370 borrowers. As the loss of AZN 420,000 to be generated after repayment of loans with 1.05 AZN/USD rate will not be a large amount, Nakhchivanbank sees it’s possible to compensate the loss on its own account”, Central Bank released a statement.
It’s noted that the loans in foreign currency across the country make $ 2 bln.
“However, calls from several media outlets about taking same steps on other banks may worsen the financial situation of banks and cause a threat for personal savings”, the state said.
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