Azerbaijan-based banks sees 23% rise in foreign liabilities

Azerbaijan-based banks sees 23% rise in foreign liabilities
# 08 January 2013 15:01 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2012, total foreign liabilities of Azerbaijan-based commercial banks made AZN 2,886.6 mln, by rising AZN 543.1 mln or 23.2%.

Central Bank fop Azerbaijan says foreign liabilities rose AZN 41.3 mln or 1.5% in November.

At the same time, as of December 1, 2012, banks’ total foreign assets stood at AZN 2,095.7 mln, up AZN 406.7 mln or 24.1% in comparison to a year earlier. In November, these assets rose AZN 126.9 mln or 6.4%.

Consequently, balance of commercial banks in foreign financial operations was AZN 790.9 mln, up 20.8% compared to a year ago.

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