Banks’ foreign liabilities continues to increase in Azerbaijan

Banks’ foreign liabilities continues to increase in Azerbaijan
# 02 March 2011 15:48 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of February 1, 2011, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 484.7 million, up 25.7% or AZN 507.8 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised 0.6% or AZN 14.3 mln in January.




Note that as of February 1, 2011, total foreign assets stood at AZN 1 833.7 mln, up AZN 557.2 mln or 43.7% compared to a year ago.
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