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Azerbaijani banks' total assets increase by 3.2 percent

Business Materials 1 July 2010 10:59 (UTC +04:00)

Azerbaijan, Baku, July 1 / Trend N.Ismayilova /

Total assets of Azerbaijani banks as of June 1, 2010 amounted to 12,042 billion manat, which is 0.03 percent more compared to early May, and 3.2 percent - at the beginning of the year, the Central Bank of Azerbaijan said.

Banks' investments amounted to 874.95 million manat, increased in May by 0.1 percent, loans given to customers - 8241.52 million manat (1.5 percent). The volume of loans and deposits issued by the financial sector amounted to 523.7 million manat, reducing by 1.7 percent. Funds on correspondent accounts for the period amounted 849.01 million manat, increasing by 7.9 percent. Cash of Azerbaijani banks as of June 1, 2010 amounted to 438.44 million manat, decreased by 34.9 percent.

Total liabilities of Azerbaijani banks as of June 1, 2010 amounted to 9,995 billion manat, reducing by 0.2 percent in May. About 4491.05 million manat falls to deposits, and 4669.11 million manat - loans and deposits received from the financial market.

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