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Ailing bank assets rise in Azerbaijan

Ailing bank assets rise in Azerbaijan

09 November 2009 12:27 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, non-standard assets accounted for 5% or AZN 491.40 million of commercial bank assets in Azerbaijan, said the Central Bank of Azerbaijan.

The share of non-standard assets was 3.6% in October 2008.

Of this, AZN 203.28 million (41.7% year-on-year rise) were non-satisfactory assets, AZN 165.22 million (81.7%) was dangerous (risky) assets and AZN 122.89 million (60.7%) was bad assets.

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