Azerbaijan posts 36% rise in net foreign assets

Azerbaijan posts 36% rise in net foreign assets
# 02 December 2008 10:39 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, net foreign assets in Azerbaijan’s banking system stood at AZN 3 915.5 million, up 36.3% on early this year, said the National Bank of Azerbaijan.
In the structure of the net foreign assets, the central bank’s net foreign assets made AZN 4 817.5 million (a 36.7% rise) while the commercial banks’ net foreign assets made – 612.1 million (rise 30.8%) and other foreign assets made – AZN 289.9 million (rise -57%).
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