Assets and Liabilities of International Bank of Azerbaijan Will Be Drastically Reduced
As a result of ineffective management policy, the International Bank of Azerbaijan has a large foreign debt, said Finance Minister Samir Sharifov.
He noted that the state took over the rehabilitation of the bank and one of the main issues is the interests of depositors.
‘We are talking about the largest bank and the bank's problems can strike the international image of Azerbaijan. At the same time the healing process should also take into account the changing macroeconomic situation,’ the Minister said.
Sharifov said one of the purposes of recovery of the bank is its reduction.
‘After the return of foreign liabilities the bank's assets and liabilities will be drastically reduced,’ Sharifov said. ----71B
Economics
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