Central Bank Provides IBA with Subordinated Loan
OREANDA-NEWS. February 27, 2012. According to the information provided by the press-service of International Bank of Azerbaijan, the Bank has attracted AZN 150 mln. subordinated loan from the Central Bank of Azerbaijan Republic for a period of 5 years, reported the press-centre of IBA.
Special subordinated loan according to “Bank’s Capital and its Adequacy Precudures” will count into Tier I Capital.
Thus, International Bank of Azerbaijan would be able to improve its capitalization and liquidity position making use of long term funding from the government.