Deposits of Azerbaijani population in banks increase

Deposits of Azerbaijani population in banks increase

Baku, Azerbaijan, Aug. 30

Trend:

As of July 31, 2019, the assets of banks operating in Azerbaijan amounted to 30.090 billion manats, while debt stood at 25.507 billion manats, Trend reports with reference to the Financial Market Supervisory Authority of Azerbaijan (FIMSA).

The banking sector’s balance capital amounted to 4.583 billion manats.

In July, 44.3 percent of assets accounted for the loan portfolio, which grew during the month by 1.5 percent (196.2 million manats). The total loan portfolio in the sector amounted to 13,342.3 million manats. Over the month, loans in national currency, increasing by 2.5 percent (210.1 million manats), reached 8,650.7 million manats.

For the reporting period, deposits of individuals amounted to 8,471.6 million manats, while fixed-term deposits, increasing by 0.4 percent (19.9 million manats), amounted to 5,357.4 million manats. The growth was observed in deposits in national currency (2.5 percent - 58.7 million manats).

Deposits of legal entities, increasing by 3.7 percent (375.7 million manats), reached 10,573.2 million manats, as well as term deposits increased by 11.4 percent (257.6 million manats) and amounted to 2,510.8 million manats. Deposits in national currency, increasing by 6.9 percent (274 million manats) amounted to 4,246.3 million manats, and in foreign currency - 2,285.5 million manats (a 12.3 percent increase - 249.8 million manats).

During the reporting period, the banks’ operating profit increased by 13.9 percent (57.7 million manats) and reached 472.4 million manats, and net profit reached 406.2 million manats. Compared to the corresponding period of the previous year, interest income increased by 10.7 percent and interest income on loans grew by 14.2 percent.

There are 30 banks operating in Azerbaijan, including 514 branches, 12 departments and 2,582 ATMs. An increase in the number of employees in the banking sector was also observed in July and amounted to 0.8 percent (146 people). In total, 18,434 people work in this sector.

($1= 1.7 manats on Aug. 30)

Permits for residential construction remain solid overall in Georgia - TBC Research
Permits for residential construction remain solid overall in Georgia - TBC Research
Georgians arriving home with negative PCR tests not to be placed under mandatory quarantine
Georgians arriving home with negative PCR tests not to be placed under mandatory quarantine
Georgia returns to  third place in international hazelnut market
Georgia returns to third place in international hazelnut market
Loading Bars
Latest
Azerbaijan's MoD dismisses Armenia's information on Khudaferin
Permits for residential construction remain solid overall in Georgia - TBC Research
Iranian Energy Exchange announces products to be on sale October 21
Azerbaijan's Goranboy, Tartar subjected to artillery, missile fire from Armenia
Most of IUCN Red List flora, fauna species on Azerbaijan's occupied lands destroyed
Azerbaijani ministry predicts growth of electricity production by 2025
Azerbaijan reveals data on foreign trade turnover for 9M2020
Uzbekistan's official reserve assets decrease
Georgians arriving home with negative PCR tests not to be placed under mandatory quarantine
Georgia returns to third place in international hazelnut market
Preventive diplomacy is an integral part of Turkmenistan's neutrality - President of Turkmenistan
Islamophobia, Turkophobia – Armenia’s main disease, says Turkish presidential administration
Kazakhstan’s pharma company to build nonwoven fabric plant
Number of restored mines in Iran revealed
Kazakhstan's medical goods producing capacities to be increased before year-end
Turkmenistan significantly increases exports of cement products to Kazakhstan
Italy slows down on import of Turkish furniture
Turkmenistan's Turkmennebit opens tender for purchase of equipment
Azerbaijan confirms 128 more COVID-19 recoveries
Whole world should see Armenia targeting Azerbaijan's civilians - Speaker of Grand National Assembly of Turkey
Uzbekistan to attract carbon credits to create forest plantations
Kazakhstan's imports of furniture, wood from Turkey up within 9M2020
Baku Stock Exchange places Azerbaijan's Finance Ministry state bonds at auction
Iran's Central Bank increases working hours for legal exchange offices as foreign currency rate drops
Mehriban Aliyeva congratulated Azerbaijani people on liberation of several villages of Fuzuli, Jabrayil, Khojavand, Zangilan districts and the city of Zangilan
Israeli markets' demand for Turkish furniture rises
Review of Georgian exports to China
Iran`s President reacts to restriction of essential goods and medicine`s supply
Coronavirus spread reaches alarming state in some Iranian provinces
Kazakhstan's gov't decides on power plants' modernization methods in Almaty
Iranian Covid-19 vaccine to enter the human testing phase by early December
The dilemma of pricing of steel products in Iran stock exchange
Azerbaijani state service to put up state properties for auction
Bahar Azadi gold coin price still falling in Iran
Azerbaijan increases value of electricity production
Georgian Chestnuts Export plans to open production of chestnut flour
Iran car makers to offer 153,000 cars by the end of current Iranian year
Gasoline and methanol account for main part of Iran’s total export
2 civilians killed during shelling of Azerbaijan’s Tartar by Armenian armed forces
Azerbaijani FM meets with speaker of Turkish Grand National Assembly (PHOTO)
Iran to reinstated several mines
Iran's import of Turkish furniture down significantly
Iran to provide free electricity to low consumption users in Tehran
Kazakhstan, Norway trade turnover increases despite COVID-19
EPR approves creation of Human Security Trust Fund for Aral Sea region in Uzbekistan
Azerbaijan’s territorial integrity to be fully restored soon: Leader of Russian party
Azerbaijani banks foreign currency demand disclosed
Oil bitumen imports decline in Georgia
Russian research institute names necessary measures to mitigate pandemic impact on Turkmenistan
Kazakhstan’s KazMunayGas to create system for managing field development process
Iran, Syria are expected to barter trade
Azerbaijani president renames liberated village of Khojavand district
Azerbaijani Express Bank's assets decrease
Armenian Defense Ministry once again admits retreat
Azerbaijani flag in Zangilan city (VIDEO)
Turkish wood, furniture exports to Georgia down - Trade Ministry
Turkey's export of wood, furniture to Iraq declines
Azerbaijani minister talks benefits of hydrowater plants on border with Iran
Armenia's current leadership unable to solve real problems well - Russian political strategist
Azerbaijani president: Zangilan city and 6 villages of district, 18 villages of Fuzuli, Jabrayil and Khojavand districts liberated
Locally-made furniture exports to France increase, says Turkish Trade Ministry
Over 170 mb of ACG oil loaded from Ceyhan terminal
Regular direct flights by several airlines resume in Georgia
Imports of Turkish furniture by Morocco drops marginally
Iran reveals its COVID-19 data for October 20
Speaker of Turkish Grand National Assembly visits Azerbaijan’s Ganja (PHOTO/VIDEO)
Georgia to export fresh pinecones to EU market
Azerbaijan increases export of petrochemicals
EIB supports construction of Innovation Center in Georgia
President Ilham Aliyev addresses the nation (PHOTO)
Missile attacks on cities, its residents, civil objects inhuman - Kazakh ambassador in Azerbaijan
Azerbaijani servicemen contributing to victories of country's army (PHOTO)
Azerbaijani methanol plant unveils export indicators for 9M2020
Azerbaijani army destroys numerous Armenian servicemen, military equipment (VIDEO)
Review of producer price indices for services in Georgia
Azerbaijan records growth in gas exports
Export of confectionery products increase in Uzbekistan for 9M2020
Russia's leading research institute talks COVID-19 impact on Turkmenistan
Azerbaijan ups import of Turkish wood, furniture
Export of furniture, wood from Turkey to US more than doubles in 9M2020
Turkey's 9M2020 export of wood, furniture to Germany grows
Precious metal prices in Azerbaijan down
Enagas reveals investment plans for TAP
Kazakhstan's export to Ukraine down twofold amid COVID-19
Iran reveals amount of investments made on buying agricultural machinery
EU and Uzbekistan eye to expand scope of co-op
Armenia’s demographic challenges: Depopulation & Racist Policy
Turkmengas re-opens tender for maintenance of gas turbine compressors
Value of exports from Uzbekistan down for 92020
Armenia: Acquired investment deficit syndrome
Enagas sees over 4.5% increase in net profit
Terminal on exports of agricultural goods to be built in Iran's Astara County
Russian Gazprombank says Azerbaijani GDP dynamics in line with expectations
Territories of Azerbaijani Terter and Aghdam regions under fire
Armenia's dastardly crimes won’t go unpunished, says speaker of Azerbaijan's Parliament
Azerbaijani FM meets Turkish Parliament's speaker
Azerbaijani FM Bayramov to meet US Secretary of State Pompeo
Azerbaijani oil prices fluctuate
Georgia sees increase in PPI for Industrial Products
Azerbaijani Prosecutor General's Office gives updates on civil casualties, damages
All news