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Azerbaijan : UNIBANK'S assets reaches $1 billion

July 14, 2014

The assets of Unibank reached a record of $1 billion.

Unibank, one of the leaders of Azeri banking sector has been giving the high evaluation from the international rating agencies.

Fitch raised the long-term rating of Unibank from B 'stable' to B 'positive'. Apart from the opportunity of maintaining adequate capitalisation, the Unibank is lending activities has a broad economic coverage. The long-term rating improvement has to do with the bank's role in the acceleration of the retail and micro lending.

Moody's Investor Services improved the outlook of Unibank to 'positive' and affirmed the rating at 'B2'.

The financial stability rating awarded by Moody's is 'E+'.

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Source: TendersInfo (India)

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