Azerbaijan sees bank assets quality deteriorating

Azerbaijan sees bank assets quality deteriorating
# 04 August 2009 13:11 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of July 1, non-standard assets in Azeri commercial bank’s balance sheet stood at AZN 430.45 million, up 54.2% from a year ago, said the Central Bank of Azerbaijan.

The weight of non-standard assets also increased from 3.6% to 5.2% over the past one year.

The non-standard assets include the poor, risky and bad assets. Among them, the highest annual growth (2-fold) was seen in dangerous assets. poor assets amounted to AZN 162.04 million (annual rise - 28.1%), risky assets AZN 162.79 million (annual rise – 2-fold), bad assets AZN 105 62 million (annual rise 47.1%).
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