Bank Of Baku

Azerbaijan-based banks see growth in assets

Azerbaijan-based banks see growth in assets
# 14 April 2015 14:41 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of March 1, 2015, Azerbaijan-based commercial banks’ assets stood at AZN 28,632,500,000, up AZN 7,814 bln or 37.53% from year earlier.

 

According to Central Bank of Azerbaijan, the assets increased by AZN 3,794.5 mln or 15.28% in February, 2015.

 

Most of assets were loans given to clients. So, such loans made AZN 19,169.9 mln. Moreover, AZN 2,594.1 mln was investments, AZN 2,016.3 mln – correspondent accounts, AZN 1,298 mln – loans and deposits for financial sector, AZN 1,331.7 mln – cash funds and AZN 2,222.5 mln – other assets.

 

AZN 12,470.2 mln of liabilities were deposits, AZN 10,385.9 mln – loans and deposits from financial sector, AZN 1,665.5 mln – other liabilities and AZN 4,110.9 mln – capital.

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