BAKU, Azerbaijan, Dec. 17
By Zeyni Jafarov - Trend:
Net financial assets on loans and borrowings in Azerbaijan decreased by $2.4 million in the first nine months of 2020, Trend reports with reference to the Central Bank of Azerbaijan (CBA).
At the same time, net financial assets on deposits and currency also declined by $100.9 million.
In the reporting period, net financial liabilities decreased by $708.3 million, said the CBA.
The indicator of Azerbaijan's financial liabilities on loans and borrowings was reduced due to the decline in direct government loans in the amount of $137.6 million, the loans with a state guarantee of $176.5 million, credit operations of banks of $29.7 million, as well as due to lending to the oil and gas sector - $279.8 million, and loans provided to firms and other enterprises in the amount of $84.7 million.
The CBA report noted that net financial liabilities for deposits and cash currency also declined by $415.3 million.
Azerbaijan's reserve assets in the first nine months of 2020 decreased by $1.8 billion.
To remind, a deficit of $1.8 billion was formed in the balance of payments of Azerbaijan from January through September 2020, while a surplus of $4.1 billion was recorded in the balance of payments of Azerbaijan in the same period of the previous year.
---
Follow the author on Twitter: @jafarov_zeyni