Baku. Musa Ahmadov – APA-Economics. As of August 1, 2016, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 6,448,300,000, down AZN 113.1 million or 1.72% from previous year.
Central Bank of Azerbaijan said the external borrowing dropped AZN 177.5 million or 2.68% in July.
At the same time, compared to December 2015, banks’ total foreign liabilities decreased AZN 1,756.2 million or 21.41% in July 2016.
At the same time, as of August 1, 2016, banks’ total foreign assets stood at AZN 4,496,100,000, down AZN 1.3 million or 0.03% in comparison to a year earlier. Compared to previous months, total foreign assets decreased AZN 361.2 million or 7.44% in July.
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