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Azerbaijani banks’ assets reach new record level

Azerbaijan Materials 3 January 2013 09:32
As of November 1, the total assets of the Azerbaijani banking sector reached a new absolute record to the amount of 16.309 million manat compared to 15.998 million manat as of October 1, which is considered a record level in 2012, the Azerbaijani Central Bank's statistics report published on its website said.
Azerbaijani banks’ assets reach new record level

Azerbaijan, Baku, Jan. 2 / Trend I. Khalilova /

As of November 1, the total assets of the Azerbaijani banking sector reached a new absolute record to the amount of 16.309 million manat compared to 15.998 million manat as of October 1, which is considered a record level in 2012, the Azerbaijani Central Bank's statistics report published on its website said.

The assets of the banking system have a positive trend in 2012, because they hit 13.946 million manat in early 2012. The assets have increased by 17 percent since early 2012 and by 20.8 percent per annum (13.503 million manat as of November 1, 2011).

The loans given to customers to the amount of 10.405 million manat (annual growth of 17.7 percent), investments (1.334.5 billion manat, increasing by 4.65 percent) and the funds on correspondent accounts (839.9 million manat decreasing by 14.2 percent) form the basis of the assets of the banking sector (63.8 percent). Loans and deposits given to the financial sector amounted to 742.6 million manat (with an increase of 25.4 percent).

The deposits (7.202.2 billion manat) form the main share (44.16 percent) in the structure of liabilities, increasing by 18.4 percent compared to the same period of last year. Loans and deposits obtained from the financial sector accounted for 4.830.7 billion manat, increasing by 11.8 percent.

The official exchange rate is 0,7850 AZN/USD.

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