Bank Of Baku

Azeri bank foreign liabilities increase again

Azeri bank foreign liabilities increase again
# 12 November 2010 07:54 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 295.4 million, up 27.8% or AZN 498.6 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised AZN 363.1 million or 18.8% from the early of 2010, including increased by 3.9% or AZN 85.7 mln in September.




Note that as of October 1, 2010, total foreign assets stood at AZN 1 357.8 mln, up AZN 190.8 mln or 16.4% compared with a year ago.

As the result, the foreign liabilities exceed the total foreign assets by AZN 937.6 mln or 69.1%.
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