USD 1.7

Baku 24 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Letters of credit reach a historic high in Azerbaijanâ€™s banking system

Letters of credit reach a historic high in Azerbaijanâ€™s banking system

14 November 2008 15:23 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. As of October 1, Azerbaijan-based banks have carried out letters of credit worth AZN 35.910 million, up 3.2 times on the same period last year.
The transactions on letters of credits accounted for 0.54% of the total loan portfolio, up 0.24% on a year ago. This share is too low although it is a historical high.
Also, the amount of factoring transactions reached AZN 20.74 million, a 0.1% decline on a year ago and a 2.1 times increase on earlier this year.
The factoring transactions accounted for 0.31% of the loan portfolio, given that the ratio was 0.55 on October 1, 2007 and 0.21% on January 1, 2008.
The amount of factoring transactions rose by 25 times or AZN 19.940 million in September.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED