Azerbaijan-based banks see 23% growth in assets

Azerbaijan-based banks see 23% growth in assets
# 08 January 2013 10:59 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2012, Azerbaijan-based commercial banks’ assets stood at AZN 16,821.2 mln, up AZN 3,156.5 mln or 23.18% from year earlier.

According to Central Bank of Azerbaijan, the assets have increased by AZN 511.3 mln or 3.1% in November, 2012.

Most of assets were loans given to clients. So, such loans made AZN 10,493.3 mln. Besides, AZN 1,436.4 mln was investments, AZN 1,080.5 mln – correspondent accounts, AZN 736.4 mln – loans and deposits for financial sector, AZN 624.2 mln – cash funds and AZN 2,450.3 mln – other assets.

AZN 7,428.8 mln of liabilities were deposits, AZN 4,883.3 mln – loans and deposits from financial sector, AZN 2,040.8 mln – other liabilities and AZN 2,468.3 mln – capital.

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