Bank Of Baku

Azerbaijan sees increase in bank assets by 28%

Azerbaijan sees increase in bank assets by 28%
# 23 December 2022 12:05 (UTC +04:00)

As of December 1, 2022, assets of banks have made up AZN 45 490,1 mln which is 27,5% more than in annual comparison, APA-Economics reports citing Central Bank of Azerbaijan (CBA).

Net loans given to clients made up AZN 18 468,7 mln of banks' assets. In the last 1 year, the loan portfolio of the sector grew by 22,6%, while the share of loans in assets decreased from 42,1% to 40,6%.

During the reporting period, the liabilities of the banking sector increased by 33% to AZN 39 970,3 mln, including the deposit portfolio, which increased by 36,6% to AZN 32 860,8 mln.

In the last year, the balance capital of the banking sector increased by 11,7% and amounted to AZN 5 519 mln.

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