Fitch: Restructuring of Azerbaijani banking sector may continue in 2017
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By Trend
Restructuring of Azerbaijan’s banking sector may also continue in 2017,reads a report of the international ratings agency Fitch Ratings that has been made public at the sixth annual meeting on Azerbaijan.
Fitch analysts expect the failure of several banks and the continuation of cleansing in the sector in the form of capital insufficiency, which is related to poor asset quality and currency risks.
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