Baku, Azerbaijan, June 15
By Azad Hasanli - Trend:
Fitch Ratings has affirmed Azerbaijan-based Unibank Commercial Bank's (Uni) ratings and simultaneously withdrawn them, the agency said June 15.
The following ratings have been affirmed and withdrawn:
Long-Term Issuer Default Rating: 'CCC'
Short-Term Issuer Default Rating: 'C'
Viability Rating: 'f'
Support Rating: '5'
Support Rating Floor: 'No Floor'
Unibank JSC was established Oct. 15, 2002, as a result of the merger of two private commercial banks in Azerbaijan - Mbank and Promtexbank.
Unibank's shareholders are as follows: Eldar Garibov - 68.3384 percent, Zemfira Jafarova - 5.5 percent, the European Bank for Reconstruction and Development - 15.1515 percent, German Investment, German Investment Corporation - 8.3333 percent, minority shareholders - 2.6768 percent.