BAKU, Azerbaijan, January 20. Fitch doesn’t
expect any significant impact on the lending dynamics or changes to
the sector loan structure as a result of this Basel III
implementation in Azerbaijan, Maksim Maliutin, Associate Director,
EMEA Bank Ratings, Fitch Ratings, said during a webinar, Trend
reports.
“In our view, banks will continue to grow in retail, while on
the corporate side, loan book will continue to be dominated by
trade and services sector, so it's also a structural feature. Local
banks don't lend a lot to oil and gas companies, and they rely
heavily on the trade and services sector, so we don't expect
significant impact there,” he said.
Maliutin pointed out that a lot of banks are well-positioned to
meet the new Basel III requirements, because their capital
positions have already been adequate.
“There could be some cases at smaller banks, but if we're
talking about large banks in the sector, they're pretty much
well-positioned,” he explained.
Will be updated
