Baku. Vahab Rzayev – APA-Economics. As of March 1, Azerbaijan-based commercial banks’ assets reached AZN 9 479.09 million, up 29.2 or AZN 2 139.7 million on a year ago, said Central Bank of Azerbaijan.
According to statistics, bank assets dwindled by 7.7% or AZN 794.4 million during January-February 2009 despite year-on-year growth.
Loans to customers accounted for 66.46%, investment 7.2%, correspondent accounts 6.68%, cash funds 5.94%, loans and deposits to the financial sector 4.41% and other assets 9.31% of the total bank assets.
From early this year to March 1, loans to customers declined 7.6%, investment by 14.3%, correspondent accounts by 34% while cash funds rose by 22.3%, loans and deposits to the financial sector by 0.7% and other assets by 6.9%.
Bank obligations accounted for 81.33% of liabilities, down 10% or AZN 859.04% from early this year.
Deposits accounted AZN 3 751.17 million of the obligations, leaving AZN 2 983.03 million to loans and deposits from he financial sector.
During January-February, deposits grew by 7.5% and loans and deposits from the financial sector dipped by 8.7%.
The banks’ total capital made AZN 1 769.37 million, up 3.8% or AZN 64.67 million on early this year.
*The USD exchange rate is AZN 8031.
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