Baku. Vahab Rzayev –
APA-Economics. As of March 1, Azerbaijan-based commercial banks’ total assets stood at AZN 9 479.1 million, up 29.2% or AZN 2 139.7 million from a year ago. However, the assets declined by 7.7% or AZN 794.4% during January-February. National Bank of Azerbaijan said assets fell by AZN 190.4 million in January and by AZN 604 million in February.
Against a backdrop of the global crisis, bank assets start to decline in Azerbaijan since October (except December).
The diagram below shows the dynamics of bank assets during the first two months of this year:
* The USD official exchange rate is AZN 0.8028/USD1