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Azerbaijan-based banks sees decline in foreign liabilities

Azerbaijan-based banks sees decline in foreign liabilities

13 May 2013 09:26 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, total foreign liabilities of Azerbaijan-based commercial banks made AZN 2,983 mln, by rising AZN 452.4 mln or 17.9%.

Central Bank of Azerbaijan says foreign liabilities dropped AZN 89.8 mln or 2.9% in Q1.

At the same time, as of April 1, 2013, banks’ total foreign assets stood at AZN 2,249.1 mln, up AZN 96.5 mln or 4.5% in comparison to a year earlier. In January-March, assets grew by AZN 233.0 mln or 11.6%.

Consequently, balance of commercial banks in foreign financial operations was AZN 734.7 mln, up 1.9 times compared to a year ago.

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