Bank Of Baku

Banks’ foreign liabilities increase in Azerbaijan

Banks’ foreign liabilities increase in Azerbaijan
# 07 December 2010 15:40 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, 2010, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 504 million, up 38.8% or AZN 700.4 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised AZN 571.7 million or 29.6% from the early of 2010, including increased by 9.1% or AZN 208.6 mln in October.




Note that as of November 1, 2010, total foreign assets stood at AZN 1 289.5 mln, up AZN 107.3 mln or 9.1% compared with a year ago.

As the result, the foreign liabilities exceed the total foreign assets by AZN 1 214.5 mln or 94.2%.
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