Bank Of Baku

Banks’ foreign liabilities continue to decrease in Azerbaijan

Banks’ foreign liabilities continue to decrease in Azerbaijan
# 19 August 2011 13:49 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of July 1, 2011, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 2,404.9 mln by rising AZN 234.8 mln or 10.8%, said the Central Bank of Azerbaijan.

CBA says the foreign liabilities decreased by AZN 63.1 mln or 2.6%, in June, so tendency of decrease went on:




Note that, as of July 1, 2011, total foreign assets stood at AZN 1,893.6 mln, up AZN 440.2 mln or 30.3% compared to a year ago, AZN 201.7 mln or 11.9% from the beginning of this year.
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