Baku, Azerbaijan, June 12
By Anvar Mammadov – Trend:
Azerbaijani commercial banks’ liabilities to the country’s Central Bank (CBA) increased by 4.4 percent for the year, amounting to 6.586 billion manats as of May 1, 2017, says a CBA report for January-April 2017.
As compared to early 2017, the liabilities decreased by 6.5 percent and as compared to late March 2017, the liabilities increased by 0.2 percent.
As of late April 2016, liabilities of commercial banks to the CBA amounted to 6.307 billion manats, while as of early 2017 they amounted to 7.046 billion manats.
The volume of foreign liabilities of the CBA remains unchanged and totals 2.2 million manats.
International reserves of the CBA grew 12.1 percent over the year - from $4.120 billion to $4.619 billion.
In January-April 2017, net liabilities of the CBA to the Azerbaijani government decreased by 3.6 times and totaled 1.581 billion manats.
The net liabilities of the CBA to the Azerbaijani government amounted to 5.755 billion manats in late April 2016.