Azerbaijani government allocates $600 mln to IBA

  23 January 2016    Read: 1066
Azerbaijani government allocates $600 mln to IBA
Azerbaijani government plans to allocate $600 mln to the International Bank of Azerbaijan in 2016, AzVision.az reports citing to Fitch rating
According to the statement, this decision proves importance of support to the largest bank of the country.

“Small banking sector also creates condition for government to support this sector. However, direct capital support may be an extra financial cost”, the statement said.

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