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Azerbaijan-based commercial banks see 26% rise in foreign obligations

Azerbaijan-based commercial banks see 26% rise in foreign obligations

03 October 2013 13:23 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of September 1, 2013, total foreign obligations of Azerbaijan-based commercial banks made AZN 3,398.5 mln, by rising AZN 693.0 mln or 25.6%.

Central Bank of Azerbaijan says foreign obligations rose AZN 324.9 mln or 10.6% in January-August, AZN 25.3 mln or 0.8% in August.

As of September 1, 2013, total foreign assets stood at AZN 2,094.2 mln, up 293.8 mln or 16.3% from previous year. At the same time, AZN 78.1 mln or 3.9% decrease was observed in January-August, AZN 144.9 mln or 6.5% decline in August.

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