Banks’ foreign liabilities increase by 21% year-on-year, in Azerbaijan

Banks’ foreign liabilities increase by 21% year-on-year, in Azerbaijan
# 04 April 2011 12:03 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of March 1, 2011, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2 501.3 million, up 21% or AZN 434.5 mln on the same period last year, said the Central Bank of Azerbaijan.

However, foreign liabilities raised 0.7% or AZN 16.6 mln in January-February.




Note that, as of March 1, 2011, total foreign assets stood at AZN 1 793.3 mln, up AZN 455.3 mln or 34% compared to a year ago.
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