AZ TR RU EN
»Make my homepage »Add to favorites »Add to website »Archive
Mainpage Photo Gallery Vıdeo Gallery Contact
   
LAST MINUTE : Armenian armed units violated ceasefire with Azerbaijan 117 times throughout the day  •   International Bank of Azerbaijan seeks US court protection  •   Some forces trying to spoil Russian-Azerbaijani relations - expert  •   Azerbaijan continues to lead in medal standings at Baku 2017  •   Mammadyarov: “In diplomacy negotiations for the sake of negotiations do not exist”  •   Azerbaijan, Russia hold consultations on Caspian Sea status  •   Official Partners and Supporters for Baku 2017 Islamic Solidarity Games are increasing  •   Armenians break ceasefire with Azerbaijan  •   Hearing on lawsuit to liquidate All-Russian Azerbaijani Congress postponed  •   President Ilham Aliyev: Armenia disgraced itself by conducting so-called “referendum” in Nagorno-Karabakh  •   Estonia, Azerbaijan may exchange banking experience   •   Armenian snipers break ceasefire with Azerbaijan  •   PACE’s Azerbaijani member calls for changing organization’s “dark atmosphere”  •   Azerbaijani, German MPs to discuss bilateral cooperation  •   Armenian provocation against Azerbaijan prevented in Moscow  •   Bosnia and Herzegovina supports Azerbaijan’s territorial integrity  •   ‘UK interested in strengthening military ties with Azerbaijan’  •   Azerbaijan, Moldova hold political consultations  •   Erdogan urges ECO to be resolute in Karabakh conflict solution  •   EU, UNDP continue to facilitate trade between Azerbaijan and Georgia  •  
News World Latest News Economics Politics Diaspora Sport Culture
» Fitch Affirms International Bank of Azerbaijan at ’BB’
23/11/2016 Yazdır

Fitch Ratings has affirmed International Bank of Azerbaijan's (IBA) Long-Term Issuer Default Ratings (IDRs) at 'BB'. The Outlook is Negative, APA-Economics reports citing to Fitch’s website.

The agency has also downgraded IBA's Viability Rating (VR) to 'f' from 'b-'. The affirmation of IBA's IDRs, Support Rating and SRF reflects Fitch's view that the Azerbaijan sovereign (BB+/Negative) has a high propensity to provide support to the bank, if needed. The Negative Outlook on IBA's ratings reflects that on the sovereign.

The downgrade of IBA's VR to 'f' reflects Fitch's view that the bank has failed. This in turn reflects the agency's view that the asset purchases completed in 1H16 revealed a material capital shortfall, given the very large volume of weakly-reserved exposures being transferred. The AZN10bn of transfers reported in the 1H16 IFRS accounts was considerably more than the AZN3bn initially planned when Fitch reviewed the bank's ratings in March 2016.

Fitch understands that the following support measures are being planned to improve IBA's solvency: (i) a AZN500m equity injection, equal to 90% of end-1H16 FCC, by end-2016 (although this may be fully or largely offset by losses in 2H16); (ii) further credit risk transfers, as outlined above; and (iii) various measures to help reduce the foreign currency position, including the purchase of the latest loan exposures for US dollars and the conversion of accounts of state-related depositors into local currency.


+ Benzer Haberler
» Armenian armed units violated ceasefire with Azerbaijan 117 times throughout the day
» Azerbaijan, Russia hold consultations on Caspian Sea status
» Official Partners and Supporters for Baku 2017 Islamic Solidarity Games are increasing
» Armenians break ceasefire with Azerbaijan
» Hearing on lawsuit to liquidate All-Russian Azerbaijani Congress postponed
» President Ilham Aliyev: Armenia disgraced itself by conducting so-called “referendum” in Nagorno-Karabakh
» Estonia, Azerbaijan may exchange banking experience
» Armenian snipers break ceasefire with Azerbaijan
» PACE’s Azerbaijani member calls for changing organization’s “dark atmosphere”
» Armenian provocation against Azerbaijan prevented in Moscow
» Bosnia and Herzegovina supports Azerbaijan’s territorial integrity
» ‘UK interested in strengthening military ties with Azerbaijan’
» Azerbaijan, Moldova hold political consultations
» Erdogan urges ECO to be resolute in Karabakh conflict solution
» EU, UNDP continue to facilitate trade between Azerbaijan and Georgia
» Discussing Karabakh conflict in interests of Russia, Iran
» President Ilham Aliyev: "Armenia must comply with resolutions or face sanctions"
» Azerbaijani FM to attend OIC meeting
» Azerbaijani currency rates for Jan. 17
» E-signature used in Azerbaijan to be recognized in EU countries


 
Weather Forecast
22-06-17
 Bakı
+20C /+26C  
 Gəncə
+22C /+28C  
 Naxçıvan
+16C /+31C 
 Şuşa
+22C /+29 
Rates
 USD :  1.7022
 EUR :  1.8999
 GBP :  2.1620
 TRY :  0.4850
 EUR/USD :  1.1161
AUTHORS
İbrahim NƏBİOĞLU
100-DƏN BÖYÜK RƏQƏM VARMI?
Dr. Nazim CEFERSOY
Azərbaycan-Türkiyə münasibətlərinə sabotaj cəhdləri var
Dr. Hatem CABBARLI
Ermenistan’da Etnik Hoşgörüsüzlük ve Yezidilerin Durumu
Dr. Asif KURBAN
Bağımsızlığa Giden Yolda: 20 Ocak
Necdet SİVASLI
Azerbaycan Türkleri’nde "Ahır Çerşenbe" geleneği...
Araz ASLANLI
Elmin və Pulun Tərəzisidəki Çəkisi
Arif KESKİN
Sitem Ve Aklın Yolu
Dr. Afgan VELİYEV
Sovyetler Sonrası Azerbaycan – Ermenistan İlişkileri Ve Rusya Faktörü
Selçuk DÜZGÜN
"İslam Birliği" Konferansı Üzerine
Dr.Alesker ALESKERLİ
“Avrupa Parlamentosunun Kararı Ermenistan’ın Keyfini Kaçırdı”
Dr. Sinan OĞAN
Karabağ’da Olası Bir Savaşa Ne Kadar Hazırlıklıyız?
Cavid VELİEV
Azerbaijan-Turkey relationship passed the 2015 exam
Dr. Rövşen ŞAHBAZOV
29 Ekim Sabahı Uyanırken…
Most popular articles This week | This month
Statistics
 
Haberleri referans göstererek yayımlayabilirsiniz.  NewsAze.com Azerbaycanla ilgili dünya genelinde çıkmış haberleri 4 dilden okuyucularıyla paylaşmaktadır.

Partnerler
www.tureml.com      www.haberaze.com     www.turkiyedeneval.com     www.evaxtar.az     www.turaltrade.com

Asersoft