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IBA
20 May 2016
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"Cleaning process of toxic assets from the International Bank of Azerbaijan
He said banks’ assets are being classified in accordance with the normative documents of the Financial Markets Supervisory Authority: “According to classification, it’s determined whether the loans are troubled or not. According to that classification, the IBA has sufficient troubled loans. Because of the devaluation, IBA’s troubled loans have increased. Undoubtedly, the Financial Markets Supervisory Authority will reclassify the assets. Consequently, the exacter level of the problem will be determined
