S&P: Troubled loans in Muganbank to rise to 20%

 S&P: Troubled loans in Muganbank to rise to 20%
# 21 June 2017 15:27 (UTC +04:00)

In 2016, Muganbank’s assets quality worsened, share of troubled loans in total portfolio increased to 15% and 10% of the portfolio fell to share of restructured loans, APA-Economics reports citing to Standard & Poor`s" (S&P).

 

The agency says growth rate of the troubled loans will slow in 2017-2018. However, the agency forecasts that at the end of 2017, troubled loans will reach 20%, restructured loans will make up 10-12%.

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