RPT-UPDATE 2-Azeri bank IBA says debt to be restructured totals $3.3 billion
May 12, 2017 at 10:49 AM EDT
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.
