Azerbaijan-based banks see decline in assets in January

Azerbaijan-based banks see decline in assets in January
# 04 March 2015 09:46 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of February 1, 2015, Azerbaijan-based commercial banks’ assets stood at AZN 24.838 bln, up AZN 4.291 bln or 20.89% from year earlier.

According to Central Bank of Azerbaijan, the assets decreased AZN 344.8 mln or 1.37% in January, 2015.

Most of assets were loans given to clients. So, such loans made AZN 17,184.7 mln. Moreover, AZN 1,967.8 mln made investments, AZN 1,528.6 mln – correspondent accounts, AZN 965.2 mln – loans and deposits for financial sector, AZN 1,077.3 mln – cash funds and AZN 2,114.1 mln – other assets.

AZN 10,803 mln of liabilities were deposits, AZN 8,370.1 mln – loans and deposits from financial sector, AZN 1,452.1 mln – other liabilities and AZN 4,212.5 mln – capital.

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