Bank Of Baku

Azerbaijan-based banks increase funds of correspondent accounts sharply

Azerbaijan-based banks increase funds of correspondent accounts sharply
# 10 December 2010 12:43 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, 2010, the funds of correspondent accounts in Azerbaijan-based banks made AZN 128.92mln. According to CBA this number rose AZN 284.32 mln or 33.7% from the early of this this year, AZN 310.3 mln or 38% in October.

Along with this, the banks have increased the cash funds in October. Thus, the funds have increased by AZN 15 mln or 3.2% to AZN 484.19 mln.
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