BAKU May 30 Azerbaijan has an "alternative"
option in case creditors of the state-run International Bank of
Azerbaijan (IBA) fail to vote in favour of its current debt
restructuring proposal, a senior official said on Tuesday.
"We hope that the vote will be successful but if they
(creditors) won't vote (in support), we have an alternative
programme," Rufat Aslanli, chairman of the country's Financial
Markets Supervisory Body (FMSB), told reporters.
Aslanli did not provide details of the alternative option
but said it would not hurt IBA's retail or business clients by
freezing or placing restrictions on deposits.
(Reporting by Nailia Bagirova; writing by Katya Golubkova;
editing by Sujata Rao)