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Azerbaijan sees bank assets up 4.8%

Azerbaijan sees bank assets up 4.8%

30 October 2009 14:26 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, Azerbaijan-based commercial banksâ€™ assets reached AZN 10 769.7 million, up 4.8% or AZN 496.2 million from early this year and up 8.6% or AZN 855.9 million from a year ago, said Central Bank of Azerbaijan.

According to statistics, bank assets grew by 1.4% or AZN 144.3 million during September.

Assets increased by AZN 1 954.7 million or 22.2% during the second and third quarters after declining by AZN 1 458.5 million or 14.2% during the first quarter following the impact of the global financial crisis.

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