Muganbank’s capitalization faced serious pressure after the bank ended 2016 on loss of AZN 12 million, APA-Economics reports citing to "Standard & Poor`s" (S&P).
According to forecast of the agency, bank’s capitalization will face pressure in the next two years: “Moreover, the bank will end 2017 on loss too”.
Along with this, S&P appreciates support provided by shareholders to the bank last year. The shareholders increased bank’s authorized capital AZN 25 million in 2016.