BAKU, Azerbaijan, Apr.27
By Zeyni Jafarov - Trend:
The total assets of Azerbaijani banks made up over 32.5 billion manat ($19.1 billion) in the first quarter of 2021, which is 0.9 percent more compared to the same period of 2020, Trend reports citing a statistical report of the Central Bank of Azerbaijan (CBA).
According to the CBA, by late March 2021, the largest part (44.1 percent) in the structure of assets fell on issued loans, which, having decreased by 5.8 percent over the year, amounted to 14.3 billion manat ($8.41 billion).
“At the same time, the deduction of target reserves from the portfolio to ensure possible losses from loans amounted to over 1.16 billion manat ($682.3 million), decreasing by 21.1 percent year on year. After deducting target reserves, the net volume of issued loans made up over 13.1 billion manat ($7.7 billion),” the report said.
“The volume of banks' cash in the reporting period increased by 5.5 percent, amounting to 1.88 billion manat ($1.1 billion). Investments in securities amounted to 4.73 billion manat ($2.78 billion), while in the same period of 2020 their volume was at the level of 2.87 billion manat ($1.68 billion), an increase of 65 percent on annual basis,” the report of the CBA noted.
“In the structure of long-term assets, fixed assets, having decreased on an annual basis by 25.2 percent, amounted to 737.5 million manat ($433.8 million). Intangible assets decreased by 11.6 percent, amounting to 146.1 million manat ($85.9 million). Other assets made up 1.45 billion manat ($852.9 million),” according to the CBA report.
From January through March 2021, the total capital of banks increased by 2.3 percent and surpassed 4.85 billion manat ($2.85 billion). At the same time, the banks' own capital approached 4.52 billion manat ($2.65 billion), and capital reserves - to 331 million manat ($194.7 million).
(1 USD = 1.7 AZN on Apr.27)
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