BAKU, Azerbaijan, Oct. 24
By Kamala Mammadli - Trend:
As of Sept. 31, the total assets of all Azerbaijani banks totaled nearly 31.4 billion manat ($18.4 billion), total liabilities - nearly 26.7 billion manat ($15.7 billion), Trend reports citing the Financial Market Supervisory Authority of Azerbaijan (FIMSA).
The balance capital of the sector amounted to nearly 4.7 billion manat ($2.7 billion).
As of Sept. 30, 44.2 percent of the assets accounted for the loan portfolio. The loan portfolio, having increased by 9.8 percent or 1.2 billion manat ($705.9 million) since early 2019, amounted to almost 13.9 billion manat ($8.1 billion).
Business loans accounted for 61.6 percent of the total loan portfolio, and consumer loans accounted for 38.4 percent.
During the reported period, some 46.4 percent of assets accounted for assets in foreign currency.
In turn, 34.8 percent of the total loan portfolio accounted for foreign currency.
(1 USD = 1.7 manats on Oct. 24)
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