Azerbaijan-based banks see 27% growth in assets

Azerbaijan-based banks see 27% growth in assets
# 12 December 2013 10:55 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of November 1, 2013, Azerbaijan-based commercial banks’ assets stood at AZN 19,604.06 mln, up AZN 4,125.86 mln or 26.7% from year earlier.

According to Central Bank of Azerbaijan, the assets increased by AZN 3,073.65 mln or 18.6% in January-October, 2013.

Most of assets were loans given to clients. Thus, such loans made AZN 13,711.0 mln (69.9%). Besides, AZN 1,594.4 mln was investments, AZN 1,006.7 mln – correspondent accounts, AZN 809.1 mln – loans and deposits for financial sector, AZN 746.7 mln – cash funds and AZN 1,736.2 mln – other assets.

AZN 8,594.3 mln of liabilities were deposits, AZN 6,535.0 mln – loans and deposits from financial sector, AZN 1,244.2 mln – other liabilities and AZN 3,230.5 mln – capital.

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