Foreign liabilities of Azerbaijan-based banks exceed AZN 3 bn

Foreign liabilities of Azerbaijan-based banks exceed AZN 3 bn
# 13 February 2013 11:29 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Total foreign liabilities of Azerbaijan-based commercial banks made AZN 3,073.6 mln as of January 1 2013, by rising AZN 641.3 mln or 26.4%.

Central Bank fop Azerbaijan says foreign liabilities rose AZN 187.0 mln or 6.5% in December.

At the same time, as of January 1, 2013, banks’ total foreign assets stood at AZN 2,016.1 mln, up AZN 253.5 mln or 14.4% in comparison to a year earlier. In December, these assets slipped AZN 79.6 mln or 3.8%.

Consequently, balance of commercial banks in foreign financial operations was AZN 1,057.5 mln, up 57.9% compared to a year ago.

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