Azerbaijan-based banks see 21% growth in total assets

Azerbaijan-based banks see 21% growth in total assets
# 28 December 2012 11:20 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of November 1, 2012, Azerbaijan-based commercial banks’ assets stood at AZN 16.309.9 bln, up AZN 2.806.9 bln or 20.8% from year earlier.

According to Central Bank of Azerbaijan, the assets have increased by AZN 2.363 bln or 16.9% since early 2012. Besides, the assets soared AZN 311 mln or 1.9% in October.

Most of assets were loans given to clients. So, such loans made AZN 10,405.9 mln. Besides, AZN 1,334.5 mln was investments, AZN 839.9 mln – correspondent accounts, AZN 742.6 mln – loans and deposits for financial sector, AZN 677.8 mln – cash funds and AZN 2,309.2 mln – other assets.

AZN 7,202.2 mln of liabilities were deposits. AZn 4,830.7 mln – loans and deposits from financial sector, AZN 1,837.7 mln – other liabilities and AZN 2,403.3 mln – capital.

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