Bank Of Baku

National Bank of Azerbaijan posts 15-fold growth in net foreign assets

National Bank of Azerbaijan posts 15-fold growth in net foreign assets
# 16 October 2008 13:07 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The National Bank of Azerbaijan posted its net foreign assets at 4 739.2 million as of October 1, up 34.4% compared to early this year and down 0.4% on a month earlier.
The central banks net foreign assets grew by 69.2% over the past year and 15-fold over the past 8 years.
Net foreign liabilities reached AZN 67.6 million, down 25.1% on a year earlier and down 23% on early this year.




The central bank’s total international assets reached AZN 4 809.4 million, up 33.2% on early this year and up 68% on a year earlier.
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