Azerbaijani banks' total assets increase by 4.4 percentin first half-year
Azerbaijan, Baku, Aug.4 / Trend N.Ismayilova /
Total assets of Azerbaijani banks as of July 1, 2010 amounted to 12.18 billion manat, which is 1.2 percent more compared to early June, and 4.4 percent - at the beginning of the year, the
Central Bank of Azerbaijan said.
Banks' investments amounted to 891.7 million manat, increased in June by 1.9 percent, loans given to customers - 8348.4 million manat (1.3 percent). The volume of loans and deposits issued by the financial sector amounted to 524.02 million manat, reducing by 0.06 percent. Funds on correspondent accounts for the period amounted to 948.05 million manat, increasing by 11.7 percent. Cash of Azerbaijani banks as of July 1, 2010 amounted to 420.7 million manat, decreased by 4 percent.
Total liabilities of Azerbaijani banks as of July 1, 2010 amounted to 10122.55 billion manat, increasing by 1.3 percent in June. About 4 611.97 million manat falls to deposits, and 4 898.95 million manat - loans and deposits received from the financial market.
Aug.4, official exchange rate is 0.8033 to $1.