|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||13.46|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BAKU/TBILISI, May 12 (Reuters) - International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Friday it needed to restructure more than $3 billion of its debt, most owed to foreign creditors, to tackle bad loans left over from the slump in oil prices. The state-controlled bank announced on Thursday it was suspending payments on some liabilities and seeking creditors' support for restructuring. The bank's problems show how Azerbaijan is still wrestling with the fallout of a prolonged slump on the global oil market, even though prices recovered some lost ground in early to mid-2016.
Azerbaijan's biggest bank, the International Bank of Azerbaijan, said in an indicative restructuring plan that its designated financial indebtedness stood at $3.34 billion as of April 18. In the document ...
Generali stock fell Thursday after details of a strategy revamp in asset management failed were overshadowed by poorer than expected first-quarter results