EBRD: Azerbaijani government should end process of privatization of Int`l Bank of Azerbaijan


November 29, Fineko/abc.az. The Azerbaijani government needs to take important steps to complete the restructuring of the domestic banking sector.

EBRD’s 'Transition Report 2018-19' says that privatization of the International Bank of Azerbaijan (IBA) remains one of the main priorities for risk reduction in the banking system in 2019.

"This process should not be postponed, and next year the problem of non-performing loans should be solved and the lack of capital of a number of banks should be eliminated," the report says.