Bank Of Baku

Azerbaijan-based banks see decline in correspondent accounts

Azerbaijan-based banks see decline in correspondent accounts
# 27 June 2012 08:38 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. As of May 1, 2012, Azerbaijan-based banks’ assets stood at AZN 14,741.92 mln.

The assets rose AZN 1.990 bln or 15.6% compared with a year earlier, AZN 56.02 mln or 0.4% in April.




The loan given to customers made AZN 9,260.4 mln (share 62.8%), correspondent accounts was AZN 1,505.8 mln (10.2%), investments – AZN 1,302.6 mln (8.8%), cash – AZN 610.3 mln (4.1%), loan and deposits given to financial sector – AZN 557.9 mln (3.8%), other assets – AZN 1,504.9 mln (10.3%).

85.4% of commercial banks’ passives were liabilities. The liabilities made AZN 12,586.9 mln. Of this, AZN 7,093.7 mln was deposit, AZN 4,445.1 mln loans and deposits from financial sector, AZN 1,048.1 mln – other liabilities.

Total capital made AZN 2,155.0 mln
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