Bank assets up 34% in Azerbaijan

Bank assets up 34% in Azerbaijan
# 26 May 2010 08:26 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May 1, 2010, Azerbaijan-based banks’ assets made AZN 12 038.31 mln, up 33.8% or AZN 3 039.11 mln compared with a year ago, the Central Bank of Azerbaijan told APA.




Loans to customers accounted for AZN 8 121,69 mln (67,47%), correspondent accounts AZN 786,90 mln (6.54%), investment AZN 882,13 mln (7.33%), cash funds AZN 673,14 mln (5.59%), deposits and loans to the financial sector AZN 532,78 mln (4.43%), and other assets AZN 1 041,66 mln (8.65%) of the total bank assets.

Bank obligations accounted for 83.16% of AZN 10 011,60 million worth of liabilities

Deposits made up AZN 4 419,26 million of the obligations, leaving AZN 4 893,22 million to loans and deposits from the financial sector and AZN 699,12 million to other obligations.

As of May 1, 2010, the banks’ total stood at AZN 2 026,71 million.
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