Azerbaijani banks' total assets jump
Azerbaijan, Baku, Nov. 5 / Trend , N.Ismayilova /
Total assets of the Azerbaijani banks as of early October, 2011 amounted to 13.57 billion manat, which is 2 percent more compared to early September, the Central Bank of Azerbaijan said.
Banks' investments amounted to 1.23 billion manat in January-September, decreasing by 3.9 percent compared to August , loans allocated to customers - 8.76 billion manat. The volume of loans and deposits issued to the financial sector amounted to 600.9 million manat. Funds on correspondent accounts for the period amounted to 1.12 billion manat. Cash of Azerbaijani banks amounted to 595.6 million manat.
Total liabilities of Azerbaijani banks as of Oct.1, 2010 amounted to 11.22 billion manat, increasing by 2.3 percent during the year. Some 6.1billion manat falls to deposits, and 4.4 billion manat - loans and deposits received from the financial market.
The official exchange rate is 0.7868 manat to $1 on Nov. 5.