Bank Of Baku

Banks’ foreign liabilities increase by 28% in Azerbaijan

Banks’ foreign liabilities increase by 28% in Azerbaijan
# 28 January 2011 15:30 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 470.4 million, up 27.9% or AZN 538.1 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised 0.05% or AZN 1.3 mln in December.




Note that as of January 1, 2010, total foreign assets stood at AZN 1 691.9 mln, up AZN 418.2 mln or 32.8% compared to a year ago.
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