Highly liquid assets surge 33% in Azerbaijan

Highly liquid assets surge 33% in Azerbaijan
# 05 April 2011 09:57 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of March 1, 2011, cash money and funds on correspondent accounts in Azerbaijan-based commercial banks stood at AZN 686.84 million, up 32.9% from year ago, said the Central Bank of Azerbaijan.

Note that, cash money and funds on correspondent accounts are assets with high liquidity. These are saved for providence of financial sustainability.

Balanced development of banking system must be observed with the increase of liquid assets and their loan portfolio relevantly. However, an excessive liquidity is observed in Azerbaijan banking system and the digits prove it. Thus, the loans given to the clients on system rose 8.6%, year-on-year.
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