Azeri banks raise investments by 23% in October

Azeri banks raise investments by 23% in October
# 12 December 2008 16:08 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Investments by Azerbaijan-based banks as at November 1 made AZN 687.5 million, accounting 6.9% of the total bank assets, said the National Bank of Azerbaijan.
The central bank said total investments grew by 45.6% over the year.
The investment growth rate lags far behind total assets growth rate (47.8%).
Given that the investment growth rate was AZN 215.2 million for ten months, the growth was AZN 128.9 million in October. The amount of investments grew 23.1% in October alone.
#
#

THE OPERATION IS BEING PERFORMED