The long-term issuer default rating in foreign currency of Unibank is kept at the level B, with the former stable outlook changed to negative.
According to the the international rating agency Fitch Ratings, the bank's short-term rating is the same with a stability rating B, but with the unrated Support Rating Floor.
According to Fitch, candidates for the downgrade are also JSC Demir Bank (B), JSC Ata Bank (B-), and JSC AG Bank (CCC).
JSC Unibank was created in October 2002. In the authorized capital 66.21% belongs to individuals, and 33.79% - to legal entities, including 12.15% to EBRD and 6.68% - to the German company DEG. - 17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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