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2019

Fitch Ratings Notes High Dollarization of Loans in Azerbaijan

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Baku / 16.04.19 / Turan: In Azerbaijan, the share of foreign currency loans is high, accounting for 40%. This is stated in the report of the international agency Fitch Ratings.The agency notes that the banking systems of the CIS have experienced serious stresses over the past 12 years, for which there were significant common reasons."The main one is poor currency risk management, in particular, foreign currency lending to borrowers with low foreign exchange earnings, foreign ...



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