Azerbaijani banks to suffer huge losses

Moody's Investor Service has revealed, according to a stress test, that Azerbaijan's banking system will lose AZN 529 million in 2010, Turan informs.

Azerbaijani CBA reported that 17 of the 47 banks worked with losses in H1, 2010. Their losses totaled AZN 24.27 million (+200% against H1, 2009).