Bank Of Baku

Azerbaijan-based banks see 19% growth in liquid funds

Azerbaijan-based banks see 19% growth in liquid funds
# 04 May 2011 10:33 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of April 1, 2011, cash money and funds on correspondent accounts in Azerbaijan-based commercial banks stood at AZN 2,002 million, up 21.3% from year ago, said the Central Bank of Azerbaijan. At the same time, the growth of liquid funds made 18.7% in March.

Thus, banks’ liquid funds extended AZN 315.16 mln in March. However, bank lending decreased by AZN 785 mln or 9.2%.

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