Bank Of Baku

Bank assets rebound to early-year level in Azerbaijan

Bank assets rebound to early-year level in Azerbaijan
# 11 September 2009 16:05 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of August 1, Azerbaijan-based commercial banks’ assets stood at AZN 10 286.44 million, up 0.13% from early this year.

The Central Bank of Azerbaijan said assets grew by 11.9% or AZN 1 094.57 million in July after a slump of AZN 1 458.5 million in the first quarter and an increase of AZN 376.91 million in the next three months.





Loans lent to customers accounted for 66.26% of assets while obligations made up 81.61% of liabilities.





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