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National Bank of Azerbaijan gets 35% rise in assets

14 August 2008 15:57 (UTC +04:00)

Baku. Vugar Mustafayev â€“ APA-Economics. As of August 1, the assets of the National Bank of Azerbaijan (NBA) grew 35.16% during January-July to AZN 5 578.226 million.
The central bank said cash assets fell 3.27-fold to AZN 20.442 million and receivables from IMF declined 0.92% to AZN 218.575 million.
Besides, investment in securities rose 15.8% to AZN 385.320 million at face value, funds at non-resident banks increased 42.97% to AZN 4 753.703 million, receivables from international financial institutions went up 5.47% to AZN 88.550 million, accrued interest incomes rose o.35% to AZN 16.109million and fixed assets increased 8.19% to AZN 27.911 million.
As to liabilities, issued securities declined 47.4to AZN 132.075 million at face value, payables to IMF fell 4% to AZN 287.786 million, payables to lending institutions fell 28.11% to AZN 380.515 million and accrued interests expenses fell 2.29% to AZN 0.377 million.
Also, liabilities to the government agencies increased by 27.1% to AZN 1 034.068, the face value of banknotes and coins in circulation rose 26.76% to AZN 3 690.184 million and payables to other lending institutions increased 36.06% to AZN 7.422 million.
The central bankâ€™s total capital declined 2.1 times to AZN 42.766 million. The authorized fund and capital reserves stood steady at AZN 10 million AZN 79.642 million.