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Azerbaijan-based banks sees rise in foreign liabilities

Azerbaijan-based banks sees rise in foreign liabilities

08 November 2013 14:09 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, total foreign liabilities of Azerbaijan-based commercial banks made AZN 3,573.9 mln, by rising AZN 736.2 mln or 25.9%.

Central Bank fop Azerbaijan says foreign liabilities rose AZN 500.3 mln or 16.3% in January-September, AZN 175.4 mln or 5.2% in September.

At the same time, as of October 1, 2013, banks’ total foreign assets stood at AZN 2,131.4 mln, up AZN 153.1 mln or 7.2% in comparison to a year earlier. These assets rose AZN 115.3 mln or 5.7% in January-September, AZN 37.2 mln or 1.8% in September.

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