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Bank obligations account for 80% of liabilities

05 June 2009 15:08 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of May 1, Azerbaijan-based commercial banksâ€™ assets reached AZN 8 999.16 million, down 12.4 from early this year, 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 65.47%, investment 7.74%, correspondent accounts 6.71%, deposits and loans to the financial sector 6.5%, cash funds 4.33%, and other assets 10.25% 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 79.81% of liabilities.
Deposits made up AZN 3 345.53 million of the obligations, leaving AZN 3 040.24 million to loans and deposits from he financial sector.

The banksâ€™ total capital made AZN 1 816.84 million. This comprises 20.19% of liabilities.