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Azerbaijan-based banks see 30% growth in assets year-on-year

Azerbaijan-based banks see 30% growth in assets year-on-year

04 July 2013 10:48 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of June 1, 2013, Azerbaijan-based commercial banks’ assets stood at AZN 19,192.00 mln, up AZN 4,371.07 mln or 29.5% from year earlier.

According to Central Bank of Azerbaijan, the assets have increased by AZN 1,548.55 mln or 8.8% in January-May, 2013.

Most of assets were loans given to clients. So, such loans made AZN 12,165.5 mln. Moreover, AZN 1,607.3 mln was investments, AZN 1,243.8 mln – correspondent accounts, AZN 675.7 mln – loans and deposits for financial sector, AZN 720.6 mln – cash funds and AZN 2,779.1 mln – other assets.

AZN 8,487.1 mln of liabilities were deposits, AZN 5,542.6 mln – loans and deposits from financial sector, AZN 2,389.4 mln – other liabilities and AZN 2,772.9 mln – capital.

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