Azerbaijan sees 13% rise in bank assets

Azerbaijan sees 13% rise in bank assets
# 06 January 2010 16:49 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, Azerbaijan-based commercial banks’ total assets stood at AZN 11 159 million, up 12.7% or AZN 1 254.5 million from a year ago, said the Central Bank of Azerbaijan.

According to statistics, assets grew by 8.6% or AZN 885.5 million during January-December 2009 and 1.3% or AZN 138.6 million in November alone.

Assets increased by AZN 2.344 billion during April-December 2009 after a decline of AZN 1 458.5 million during January-March 2009.
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