IBA restructuring stabilized banking sector – ADB

IBA restructuring stabilized banking sector – ADB
# 04 October 2017 14:59 (UTC +04:00)

“However, the banking sector still needs to increase the crediting. Apparently, volume of troubled loans has already hit the worst level and several well-capitalized banks rebuild their loan portfolio”, he added.

Earlier, the IBA announced that in accordance with the restructuring of foreign liabilities ($3.3 billion), new financial instruments have been submitted to the creditors on September 1, 2017 and transfer of certain liabilities to the state has been completed successfully.

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THE OPERATION IS BEING PERFORMED