S&P affirms Muganbank’s rating

S&P affirms Muganbank’s rating
  • Clock-gray 11:30
  • calendar-gray 21 June 2018

The Standard & Poor's says that Muganbank’s capitalization will worsen and make up 3.5-3.9% in the next 12-18 months.


The agency says that the bank will operate on loss by the end of 2019. Moreover, net interest income will deteriorate and have negative impact on revenues and profit.


At the same time, problem loans will exceed 15% in 2019.


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