Bank Of Baku

Azerbaijan-based banks see 25% growth in assets

Azerbaijan-based banks see 25% growth in assets
# 08 October 2014 08:47 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of September 1, 2014, Azerbaijan-based commercial banks’ assets stood at AZN 23.547 bln, up AZN 4,627.98 mln or 24.46% from year earlier.

 

According to Central Bank of Azerbaijan, the assets increased by AZN 258.41 mln or 1.1% in August, 2014.

 

Most of assets were loans given to clients (AZN 15,986 mln or 67.9% of total assets). Moreover, AZN 2,019 mln was investments, AZN 1,584.7 mln – correspondent accounts, AZN 1,110 mln – loans and deposits for financial sector, AZN 945.7 mln – cash funds and AZN 1,901.1 mln – other assets.

 

AZN 10,174.6 mln of liabilities were deposits, AZN 7,976.2 mln – loans and deposits from financial sector, AZN 1,646.7 mln – other liabilities and AZN 3,749.4 mln – capital.

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