Baku, Azerbaijan, May 11
By Anvar Mammadov – Trend:
Azerbaijani commercial banks’ liabilities to the country’s Central Bank (CBA) increased by 2.3 percent for the year, amounting to 6.571 billion manats as of Apr. 1, 2017, says a CBA report for the first quarter of 2017.
As compared to early 2017, the liabilities decreased by 6.7 percent.
As of late March 2016, liabilities of commercial banks to the CBA amounted to 6.422 billion manats, while as of early 2017 they amounted to 7.046 billion manats.
The volume of foreign liabilities of the CBA remains unchanged and totals 2.2 million manats.
In the first quarter of 2017, net liabilities of the CBA to the Azerbaijani government decreased by nearly 3 times and totaled 2.044 billion manats.
The net liabilities of the CBA to the Azerbaijani government amounted to 5.899 billion manats in the first quarter of 2016.