Bank Of Baku

Azeri banks post 38% growth in assets

Azeri banks post 38% growth in assets
# 06 October 2008 13:58 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, the total assets owned by Azerbaijan-based banks stood at AZN 9 301.05 million, up 38.3% on January 1.
The National Bank of Azerbaijan said loans lent to customers account for AZN 6 182.01 million or 66.47% of the assets. The share of loans in assets rose 1.14 percentage points from January 1. Correspondent accounts also hold the large share in the structure of assets.


Deposits from customers (44.90%) and the finance sector (30.18%) make up the bulk of the liabilities.
The capital-liabilities ratio is 16.12%.


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