Azerbaijan sees 25% rise in bank assets year-on-year

Azerbaijan sees 25% rise in bank assets year-on-year
# 10 April 2014 09:17 (UTC +04:00)

Baku. Ilkin Ahmadov – APA-Economics. As of March 1, 2014, Azerbaijan-based commercial banks’ total assets stood at AZN 4,117.4 mln, up 24.7% from previous year.

Central Bank of Azerbaijan told APA-Economics that the assets increased by AZN 272.1 mln or 1.3% in February.

Most of bank assets are loans given to clients (AZN 14,280.3 mln, 68.6% of total assets). Moreover, AZN 1,717.9 mln was investments, AZN 1,270.9 mln correspondent accounts, AZN 956.7 mln – cash, AZN 923 mln – loans and deposits given to financial sector and AZN 1,669.7 mln – other assets.

AZN 9,374.2 mln of liabilities was deposits, AZN 6,949.2 mln – loans and deposits from financial sector, AZN 1,127.3 mln – liabilities. Capital made AZN 3,367.8 mln.

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