Elman Rustamov: Total capital of 4 closed banks completely lost

12:38 - 13.05.2020


May 13, Fineko/abc.az. Central Bank’s chairman Elman Rustamov has made new statements in connection with the cancellation of licenses of AtaBank, AmrahBank, AGBank and NBCBank.

ABC.AZ reports that delivering speech at a press conference, Rustamov noted that the share of the above-said banks in the sector was not good.

"If we talk about these four banks, the share of their problem loans is 73%. Under such circumstances, that is, if the portfolio is not working, then there was a serious threat in the banks. The total capital in the four banks was completely lost. We’ve had discussions with these banks since January," Rustamov emphasized.

 

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