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Bank assets rose 70% while liabilities jump 72% in Azerbaijan

Bank assets rose 70% while liabilities jump 72% in Azerbaijan

29 October 2008 14:51 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, assets owned by Azerbaijan-based banks stood at AZN 9 913.8 million in total, up 70.3% on the same period last year, said the National bank of Azerbaijan.
The central bank said bank assets grew by 47.4% during January-September.
Customer loans accounted for 63.59% of assets.
The structure of bank assets was as below:

Bank liabilities reached AZN 8 357.2 million, up 71.9% on the same period last year. Liabilities rose by 48.5% this year. Financial obligations made up 84.3% of liabilities.
Deposits accounted for 48.1% of obligations.
The structure of liabilities was as below:

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