UPDATE 1-Azeri bank IBA says debt to be restructured totals $3.3 billion
May 12, 2017 at 08:28 AM EDT
BAKU/TBILISI, May 12 (Reuters) - Azerbaijan's biggest bank, the International Bank of Azerbaijan, said on Friday it needed to restructure in excess of $3 billion worth of its debt, most owed to foreign creditors, to tackle bad loans left over from the slump in oil prices.
