Moody’s: Azerbaijan-based banks’ funding prospects are limited

Moody’s: Azerbaijan-based banks’ funding prospects are limited
# 14 December 2017 11:03 (UTC +04:00)

The outlook for banks in the Commonwealth of Independent States (CIS) is stable, reflecting higher commodity prices, Moody's Investors Service said.

 

According to its outlook for European Bank ratings for 2018, Azerbaijani banks indicate a very high level of deposit dollarization that has led to lack of local-currency liquidity and large foreign-currency mismatches. Funding prospects here are subdued given a volatile and vulnerable customer deposit base, and limited and costly access to debt capital markets.

 

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