Rufat Aslanli announces expectations from restructuring plan of IBA

Rufat Aslanli announces expectations from restructuring plan of IBA
# 30 May 2017 09:30 (UTC +04:00)

“Last week, the restructuring plan was submitted to the club of foreign creditors. This plan is supported by the state. If the bank’s liabilities are restructured, it will significantly be normalized. The matter is about both reach of capital the comfort level and sufficiently provision of liquidity. I’d especially like to underline that if the plan works, expenditures on bank’s liabilities will be provided by revenues from the assets. This will essentially increase the bank’s value before the privatization”, he said.  

 

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THE OPERATION IS BEING PERFORMED