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Azerbaijani banks assets up 50 percent in 2008

Business Materials 31 January 2009 15:54 (UTC +04:00)

Azerbaijan, Baku, Jan. 31 / Trend , N.Ismayilova/

Assets of Azerbaijani banks rose by more than half in 2008, the National Bank of Azerbaijan said on Jan. 31.

As of Jan. 1, 2009, assets hit 10,273 million manat compared to 6,725 million manat in 2007.

As of Dec. 1, 2008, assets hit 9,904 million manat, a 3.7-percent rise for December.

As of Jan. 1, 2007, assets hit 3,778 million manat, a 300-percent fall from the beginning of 2009.

On Jan. 31, the official exchange rate is 0.8067 manat to $1.

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