Bank Of Baku

Azeri bank foreign liabilities decline in August

Azeri bank foreign liabilities decline in August
# 04 October 2010 13:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 209.7 million, up 22% on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised AZN 277.4 million or 14.4% from the early of 2010, declined by 2.5% or AZN 56.8 mln in August.




Note that as of September 1, 2010, total foreign assets stood at AZN 1 286.2 mln, up AZN 20.2 mln or 1.6% compared with a year ago.

As the result, the foreign liabilities exceed the total foreign assets by AZN 923.5 mln or 71.8%.
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