Baku, Azerbaijan, Feb. 6
By Azad Hasanli - Trend:
As of January 1, 2015, the assets of the Azerbaijani banking sector amounted to 25.18 billion AZN compared to 20.39 billion AZN on the results of 2013, the report of the Central Bank of Azerbaijan on the results of 2014 said.
The official exchange rate is 0.7844 AZN/USD on Feb. 6.
The bank assets increased by 23.49 percent during a year, according to the Central Bank of Azerbaijan.
The basis of the assets of the banking sector (68.2 percent) accounted for loans delivered to the clients in the amount of 17.17 billion AZN (21.17 percent growth during a year), investments (2.19 billion AZN with 8.68 percent weight and 33.5 percent growth during a year) and funds on correspondent accounts (1.83 billion AZN with 7.3 percent weight and 55.1 percent growth during a year).
Loans and deposits delivered by the banks to the financial sector amounted to 1.018,1 billion AZN on the results of 2014 (4 percent).
The lion share in the structure of liabilities accounts for deposits standing at 11.09 billion AZN (44.03 percent) as of January 1, 2015, showing an increase of 24.89 percent compared to the same period of 2013. Loans and deposits from the financial sector amounted to 8.45 billion AZN (33.54 percent), increasing by 24.3 percent during a year.
There are 45 banks in Azerbaijan: 43 commercial banks and 2 state-owned banks. There are 23 banks with foreign capital. The share of foreign capital ranges from 50 to 100 percent in eight of them, while up to 50 percent in 13 banks. There are also two local branches of foreign banks.
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