National Bank of Azerbaijan posts 37% rise in net foreign assets

National Bank of Azerbaijan posts 37% rise in net foreign assets
# 24 November 2008 14:33 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The National Bank of Azerbaijan has posted its net assets at 4 815.4 million as of November 1, up 36.5% on early this year and up 40.7% on a year ago.
Net foreign liabilities reached AZN 64.9 million, down 26% on early this year and down 27.8% on a year ago.
That is to say, the foreign assets exceeded foreign liabilities.
The central banks net foreign assets grew by 19-fold over the past 8 years.
The central bank’s total international assets reached AZN 4 888.4 million, up 35.2% on early this year and up 40.1% on a year earlier.
#
#

THE OPERATION IS BEING PERFORMED