BAKU, Azerbaijan, Sept.27
By Zeyni Jafarov - Trend:
The total assets of Azerbaijani banks have increased as of early Sept. 2021, Trend reports with reference to the statistics report of the Central Bank of Azerbaijan (CBA).
According to the report, this indicator amounted to 33.43 billion manat ($19.66 billion), which is a growth of 2.36 billion manat ($1.4 billion) or 7.6 percent compared to early Sept.2020 (31.06 billion manat or $18.27 billion).
The biggest part (45.5 percent) in the structure of banks' assets at the beginning of Sept. this year accounted for the issued loans. This figure increased by 6.3 percent for the year up to 15.2 billion manat ($8.9 billion) compared to the same period of 2020 (14.3 billion manat or $8.4 billion).
After deducting target reserves, the net volume of issued loans amounted to 13.98 billion manat ($8.22 billion).
The volume of banks' cash increased by 21.3 percent to 1.71 billion manat ($1.01 billion), while as of early Sept. 2020 this indicator amounted to 1.41 billion manat ($830 million). Investments in securities made up 4.86 billion manat ($2.86 billion) against 3.85 billion manat or $2.26 billion a year earlier (increase of 26.4 percent on annual basis).
Fixed assets increased by four percent year on year and amounted to 761.5 million manat ($447.9 million) in the structure of long-term assets of banks, while at the beginning of Sept.2020 this figure amounted to 732.6 million manat ($430.9 million).
Intangible assets increased by 15.5 percent to 150.2 million manat ($88.3 million) against 130 million manat ($76.4 million) a year earlier. Other assets as of early Sept. 2021 were estimated at 1.58 billion manat ($930 million), lowering by 16.3 percent compared to the same period of last year (1.89 billion manat or $1.11 billion).
(1 USD = 1.7 AZN on Sept.27)
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