BAKU, Azerbaijan, May 8. The volume of assets
transferred from BTB Bank to the International Bank of Azerbaijan
(IBA) reached 295 million manat ($173.5 million), IBA Chairman of
the Board Abbas Ibrahimov said at a press conference dedicated to
the IBA's sustainability report today, Trend reports.
He noted that the majority of the transferred portfolio is
related to loans.
"The majority of the loan portfolio, namely 70% or more than 80
million manat ($47 million), is related to mortgage loans. The
transfer of the majority of the portfolio has been completed.
However, there are delays in the transfer of a certain part due to
processes related to state funds. In total, there are 20,000
transactions related to 13,000 clients," the chairman noted.
