“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.