Bank Of Baku

Banks’ foreign liabilities increase by 35% in Azerbaijan

Banks’ foreign liabilities increase by 35% in Azerbaijan
# 28 December 2010 08:29 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, 2010, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 469 million, up 35% or AZN 640.6 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised AZN 536.8 million or 29.8% from the early of 2010, including decreased by 1.4% or AZN 34.9 mln in November.




Note that as of December 1, 2010, total foreign assets stood at AZN 1 532.1 mln, up AZN 391.6 mln or 34.3% compared with a year ago.
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