Bank Of Baku

IBA’s troubled loans increased due to devaluation - minister

IBA’s troubled loans increased due to devaluation - minister
# 20 May 2016 15:04 (UTC +04:00)

He said banks’ assets are being classified in accordance with the normative documents of the Financial Markets Supervisory Authority: “According to classification, it’s determined whether the loans are troubled or not. According to that classification, the IBA has sufficient troubled loans. Because of the devaluation, IBA’s troubled loans have increased. Undoubtedly, the Financial Markets Supervisory Authority will reclassify the assets. Consequently, the exacter level of the problem will be determined”. 

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