> However, problems during the financial crisis of 2008-2009 were experienced not only by IBA. The then director of the Moscow office of Fitch Ratings for Financial Institutions Vladimir Markelov told Turan that in January-June 2009 asset quality deteriorated in all the Azerbaijani banks. The worst situation in this respect was observed in IBA.
>In the structure of problem loans of IBA 18.6% of them were overdue and 9.2% - restructured, on which the recipients once again came to agreement with the bank to change the terms of payment.
>The Chairman of the NGO Center for Economic Research Gubad Ibadoglu believes that this problem occurs in the IBA and other domestic banks due to their poor management. According to him, financial managers should take into account the global financial crisis and be able to manage risks in the crisis.
>More than half (50.2%) of the shares in IBA are owned by the state. According to Ibadoglu, in the case of deterioration of the situation the government will take measures to rescue the bank. The expert believes that dealing with banks through lending will give only temporary results and there is a need for more drastic measures.
> IBA is the only bank where a majority stake is owned by the state, which is not in a hurry with its privatization. For unclear reasons, the government put aside the roadmap for restructuring, reform and privatization of IBA, prepared by the IMF in 2012. Its implementation, according to the IMF, will open opportunities for the development of private banks, as well as diversifying the risks facing the country's banking system.
>In Azerbaijan there were 46 banks. And IBA no longer holds a special position - it is bypassed by Pasha Bank, Capital Bank and others. At the moment, the ratio of the assets of Azerbaijani banks to GDP is relatively low - about 30%.
https://archive.is/vRFuZ