Bank Of Baku

CBA increases support of banking sector

CBA increases support of banking sector
# 04 March 2011 07:48 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of February 1, 2011, the total portfolio on refinancing operations by Central Bank of Azerbaijan made AZN 1 863.7 mln. CBA says the centralized credits given to the commercial banks rose AZN 550.7 mln or 41.9%, year-on-year.

In January, growth made AZN 1.9 mln or 0.1%. Thus, the growth rate on financial support of banks by the CBA decreased, sharply. Average monthly growth of centralized credits made AZN 45.5 mln in 2010.1
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