Finance

Finance

Azerbaijan-based banks see 26% growth in assets

03 September 2013 11:53 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of August 1, 2013, Azerbaijan-based commercial banks’ assets stood at AZN 18,693.48 mln, up AZN 3,875.27 mln or 26.2% from year earlier.

According to Central Bank of Azerbaijan, the assets increased by AZN 2,163.07 mln or 13.1% in January-July, 2013.

Most of assets were loans given to clients. So, such loans made AZN 12,949.4 mln. Besides, AZN 1,609.7 mln was investments, AZN 1,115.7 mln – correspondent accounts, AZN 681.6 mln – loans and deposits for financial sector, AZN 737.1 mln – cash funds and AZN 1,600.1 mln – other assets.

As it seems, share of the loans given to clients in assets is 69.3%. Share of investments in assets makes 8.6%. Other funds (22.1%) are useless.

AZN 8,488.0 mln of liabilities was deposits, AZN 6,089.9 mln – loans and deposits from financial sector, AZN 1,118.6 mln – other liabilities and AZN 2,997.0 mln – capital.