Azerbaijan-based banks see 23% growth in assets

Azerbaijan-based banks see 23% growth in assets
# 03 July 2014 10:30 (UTC +04:00)

Baku – APA-Economics. As of June 1, 2014, Azerbaijan-based commercial banks’ assets stood at AZN 22.14 bln, up AZN 4,145.32 mln or 23% from year earlier.

According to Central Bank of Azerbaijan, the assets increased by AZN 130.48 mln or 0.6% in May, 2014.

Most of assets were loans given to clients. So, such loans made AZN 15,273 mln. Moreover, AZN 1,941.1 mln was investments, AZN 1,282.9 mln – correspondent accounts, AZN 1,026.4 mln – loans and deposits for financial sector, AZN 832 mln – cash funds and AZN 1,784.3 mln – other assets.

AZN 9,543.6 mln of liabilities were deposits, AZN 7,370.3 mln – loans and deposits from financial sector, AZN 1,554.2 mln – other liabilities and AZN 3,671.9 mln – capital.

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