Azerbaijan-based banks’ assets exceed AZN 24 bln

Azerbaijan-based banks’ assets exceed AZN 24 bln
# 05 January 2015 13:29 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of December 1, 2014, Azerbaijan-based commercial banks’ assets stood at AZN 24,706.7 bln, up AZN 4,523 mln or 22.4% from year earlier.

According to Central Bank of Azerbaijan, the assets increased by AZN 770.5 mln or 3.21% in November, 2014, AZN 4,321.6 mln or 21.19% compared to early 2014.

Most of assets were loans given to clients. So, such loans made AZN 16,782.3 mln. Moreover, AZN 2,146 mln was investments, AZN 1,740.9 mln – correspondent accounts, AZN 1,098.1 mln – loans and deposits for financial sector, AZN 929.1 mln – cash funds and AZN 2,010.2 mln – other assets.

AZN 10,818.8 mln of liabilities were deposits, AZN 8,210 mln – loans and deposits from financial sector, AZN 1,648.9 mln – other liabilities and AZN 4,029 mln – capital.

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