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Baku, Fineko/abc.az. Asian Development Bank (ADB) has recognized securitization one of the perspective tools for co-operation with Azerbaijani banks along with subordinated loans and direct crediting.
William Willms, the director of the Division of Capital Markets & Finance of the ADB Department of Private Sector Operations, said that in the process of talks with domestic partners ADB is considering some subjects relating to securitization – mortgage lending, motor crediting and financing of small & medium business.
“Securitization is a new product demanding grave study and preparing.
Taking into account situation at world markets, it is not the best time for securitization. At the same time Azerbaijan has vast potential for securitization of mortgage and automobile loans. These new products are able to increase activity of domestic banks and finance market in the country,” Willms said.
In particular ADB is preparing securitization for $50 million with Bank Standard and for over $10 million with Tekhnikabank.
17.12.2007 12:52
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