AZ TR RU EN
»Make my homepage »Add to favorites »Add to website »Archive
Mainpage Photo Gallery Vıdeo Gallery Contact
   
LAST MINUTE : 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  •   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  •   Azerbaijan revokes citizenship of 58 people involved in terrorism abroad  •   Armenia’s provocation on state border with Azerbaijan  •   Assets of Azerbaijani Armed Forces Assistance Fund rise  •   Technip to complete SOCAR GPC designing in 2H2017  •   Assets of Azerbaijani Armed Forces Relief Fund exceed 79M manats  •   Armenian armed units violated ceasefire with Azerbaijan 36 times throughout the day  •  
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 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
» Azerbaijan revokes citizenship of 58 people involved in terrorism abroad
» Assets of Azerbaijani Armed Forces Assistance Fund rise
» Technip to complete SOCAR GPC designing in 2H2017
» Assets of Azerbaijani Armed Forces Relief Fund exceed 79M manats
» Armenian armed units violated ceasefire with Azerbaijan 36 times throughout the day
» Azerbaijan’s population reaches nearly 9.8 million
» Armenian armed units violated ceasefire with Azerbaijan 33 times throughout the day


 
Weather Forecast
26-03-17
 Bakı
+7C /+12 C 
 Gəncə
+3C /+13C 
 Naxçıvan
+2 /+11C 
 Şuşa
+7C /+15C 
Rates
 USD :  1.7202
 EUR :  1.8529
 GBP :  2.1255
 TRY :  0.4748
 EUR/USD :  1.0771
AUTHORS
İbrahim NƏBİOĞLU
Məzarlığa gedirik, siz də gəlin
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