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Loans account for 66% of bank assets in Azerbaijan

30 December 2008 14:00 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics.As of November 1, total assets owned by Azerbaijan-based banks stood at AZN 9 904.46 million, up 47.3% early the year. The National Bank of Azerbaijan said loans lent to customers account for AZN 6 522.02 million or 65.85% of assets while the share was 65.3% early this year.
The structure of assets is as below:
Correspondent accounts made 8.31%, investments 7.86%, cash money 4.84%, loans lent to financial sector 4.65% and other assets 8.59% of the assets.
Obligations accounted for 83.75% or AZN 8 325.78 million of the bankâ€™s total liabilities, up 48% on early this year.
Obligations accounted for 83.5% or AZN 8 270.42 million of liabilities, up 47% on early this year.
Deposits and loans received from the financial sector accounted for 38.3% or AZN 3 165.12 million of liabilities.