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Azerbaijan sees 18% growth in total bank assets

Azerbaijan sees 18% growth in total bank assets

12 November 2012 09:10 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2012, Azerbaijan-based commercial banks’ assets stood at AZN 15,998.92 mln, up 17.9% or AZN 2,431.3 mln from a year earlier.

Central Bank says the assets soared AZN 485.07 mln or 3.1% in September.

The loans given to clients made AZN 10,130.4 mln. Besides, the investments stood at AZN 1,256.7 mln, correspondent accounts – at AZN 1,069.0 mln, deposits and the loans given to financial sector – at 655.7 mln, cash and other assets – at AZN 2,18.1 mln.

The deposits in liabilities made AZN 7,058.3 mln, loans and deposits borrowed from financial sector – AZN 4,755.8 mln, other liabilities – AZN 1,844.2 mln and capital – AZN 2,340.6 mln.

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