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Azerbaijanâ€™s net financial assets reached $11.8 bln

19 March 2014 13:40 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. According to 2013’s balance of payments of Azerbaijan, the net financial assets of the country made $11.759 bln.

APA-Economics reports that this index was formed by direct investments directed to abroad ($1.477.9 mln), portfolio investments ($322.8 mln) and other investments ($9,958.6 mln).

(mln. dollar)

	Assets	Liabilities
Direct investments	1,477.9	2,617.1
- Oil and gas sector	1,039.0	1,629.8
- Other sectors	438.9	987.3
Portfolio investments	322.8	1,041.3
Other investments	9,958.6	1,609.7
- commercial loans and advances	4,832.3	180.0
- loans	256.0	408.9
- deposits and cash	4,870.3	1,020.8
Oil bonus	0.0	2.4
TOTAL	11,759.3	5,270.5

Balance of payment of the Central Bank says the investments involved from abroad as direct investments made $6.3 bln. Share of oil-gas sector in this structure makes 82.4%. Investments directed to oil and gas sector made $1,107.7 mln which makes 17.6% of total foreign investments.

During the reporting period, net assets on loans rose $256.0 ln, net financial obligations dropped $408.9 mln. Net financial obligations rose $409.7 mln through banks, $55.8 mln through direct state and state guaranteed loans, while slipped $363.5 mln – through other enterprises ad firms.

Net financial asserts on deposits and cash increased by $ 4.9 bln, net financial obligations – by 1,020.8 mln.