Bank Of Baku

Banks’ foreign liabilities decrease in Azerbaijan

Banks’ foreign liabilities decrease in Azerbaijan
# 09 June 2011 08:53 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of April 1, 2011, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2,503.2 million, up 5.1% or AZN 121.8 mln on the same period last year, said the Central Bank of Azerbaijan.


CBA says the foreign liabilities decreased by AZN 28 mln or 1.1%, in April, rose 1.3% or AZN 32.8 mln in January-April.




Note that, as of May 1, 2011, total foreign assets stood at AZN 1,827.8 mln, up AZN 309.5 mln or 20.4% compared to a year ago, AZN 135.9 mln or 8% from the beginning of this year.
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