Azerbaijani banks' total assets decrease by 5 percent in first quarter
Azerbaijan, Baku, April 30 / Trend N.Ismayilova /
Total assets of Azerbaijani banks as of the end of the first quarter of 2011 amounted to 12.63 billion manat, which is 5 percent less compared to early 2011 and 4 percent as of late February, the Central Bank of Azerbaijan (CBA) said.
Banks' investments amounted to 1134.98 million manat, increasing in early 2011 by 6.1 percent, loans allocated to customers - 7763.45 million manat (decreasing by 9.5 percent). The volume of loans and deposits issued by the financial sector amounted to 520.83 million manat. Funds on correspondent accounts for the period amounted to 1404.43 million manat. Cash of Azerbaijani banks as of April 1, amounted to 597.52 million manat, increasing by 22.4 percent from early 2011.
Total liabilities of Azerbaijani banks amounted to 10.426 billion manat as of April 1, 2011, decreasing by 6.3 percent from early 2011. About 5464.84 million manat fall to deposits, and 4282.83 million manat - loans and deposits received from the financial market.
The official exchange rate is 0.7916 manat to $1.