Azerbaijan-based banks see 24% growth in assets

Azerbaijan-based banks see 24% growth in assets
# 12 August 2013 08:57 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based commercial banks’ assets stood at AZN 18,186.26 mln, up AZN 3,471.06 mln or 23.6% from year earlier.

According to Central Bank of Azerbaijan, the assets have increased by AZN 1,655.85 mln or 10.0% in January-June, 2013.

Most of assets were loans given to clients. So, such loans made AZN 12,551.7 mln. Besides, AZN 1,573.8 mln was investments, AZN 998.3 mln – correspondent accounts, AZN 774.0 mln – loans and deposits for financial sector, AZN 720.2 mln – cash funds and AZN 1,568.2 mln – other assets.

AZN 8,436.2 mln of liabilities were deposits, AZN 5,876.3 mln – loans and deposits from financial sector, AZN 1,016.9 mln – other liabilities and AZN 2,856.9 mln – capital.

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