{"id":183502,"date":"2017-04-05T00:03:59","date_gmt":"2017-04-05T00:03:59","guid":{"rendered":"https:\/\/www.meydan.tv\/article\/worst-still-ahead-for-azerbaijani-banking-sector\/"},"modified":"2017-04-05T00:03:59","modified_gmt":"2017-04-05T00:03:59","slug":"worst-still-ahead-for-azerbaijani-banking-sector","status":"publish","type":"post","link":"https:\/\/www.meydan.tv\/en\/article\/worst-still-ahead-for-azerbaijani-banking-sector\/","title":{"rendered":"Worst Still Ahead for Azerbaijani Banking Sector"},"content":{"rendered":"
\n \"\"
<\/figcaption><\/figure>\n

\n The number of banks will continue to drastically decrease in Azerbaijan, Moody’s Investors Service Vice President Maria Malyukova told
\n
\n APA.
\n <\/a>\n<\/p>\n

\n Malyukova says Azerbaijani banks are still struggling to get back on their feet after the recent currency devaluations in 2015 and 2016.\n<\/p>\n

\n “Taking into account the difficult economic situation and the remaining risks in the banking sector, in particular the volatility of the exchange rate, lack of profitability in the investment sector and lack of hard capital, the prognosis for the economic sector remains negative”.\n<\/p>\n

\n International rating agency Fitch says that in 2017 there will be massive reductions in the work force in the banking sector, many of which may even extend to bankruptcy.\n<\/p>\n

\n In January of this year, the president harshly
\n
\n criticized
\n <\/a>
\n \u00a0bankers and banking institutions. Since the two devaluations of 2015 and 2016, 13 banks have closed, leaving 32 operating banks in the country. More than 4200 workers in the banking sector have lost their jobs since the beginning of 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of banks will continue to drastically decrease in Azerbaijan, Moody’s Investors Service Vice President Maria Malyukova told APA.<\/p>\n","protected":false},"author":11,"featured_media":74649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[48],"tags":[],"class_list":["post-183502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"acf":[],"yoast_head":"\nWorst Still Ahead for Azerbaijani Banking Sector - MEYDAN.TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.meydan.tv\/en\/article\/worst-still-ahead-for-azerbaijani-banking-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worst Still Ahead for Azerbaijani Banking Sector - MEYDAN.TV\" \/>\n<meta property=\"og:description\" content=\"The number of banks will continue to drastically decrease in Azerbaijan, Moody's Investors Service Vice President Maria Malyukova told APA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.meydan.tv\/en\/article\/worst-still-ahead-for-azerbaijani-banking-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"MEYDAN.TV\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-05T00:03:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.meydan.tv\/wp-content\/uploads\/32056-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"user-manager\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/\"},\"author\":{\"name\":\"user-manager\",\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/#\\\/schema\\\/person\\\/10d11eccf6da3662cf5fdab9806ea91a\"},\"headline\":\"Worst Still Ahead for Azerbaijani Banking Sector\",\"datePublished\":\"2017-04-05T00:03:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/\"},\"wordCount\":162,\"publisher\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.meydan.tv\\\/wp-content\\\/uploads\\\/32056-scaled.jpg\",\"articleSection\":[\"Analysis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/\",\"url\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/\",\"name\":\"Worst Still Ahead for Azerbaijani Banking Sector - MEYDAN.TV\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.meydan.tv\\\/wp-content\\\/uploads\\\/32056-scaled.jpg\",\"datePublished\":\"2017-04-05T00:03:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.meydan.tv\\\/en\\\/article\\\/worst-still-ahead-for-azerbaijani-banking-sector\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.meydan.tv\\\/wp-content\\\/uploads\\\/32056-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.meydan.tv\\\/wp-content\\\/uploads\\\/32056-scaled.jpg\",\"width\":2560,\"height\":1573,\"caption\":\"A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York, February 6, 2013. 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