Azerbaijan sees rise in payment ability on banking system

Azerbaijan sees rise in payment ability on banking system
# 07 April 2011 10:49 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of March 1, 2011, the highly liquid assets of Azerbaijan-based commercial banks stood at AZN 1.687 bln. According to APA-Economics calculations, this makes 83% than demand deposits as at the same period.

Banks’ highly liquid assets include the cash funds and correspondent funds and these funds have 100%-liquid. Thus, the banks can return the 83% of demand deposits in any time.
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