BAKU, Azerbaijan, January 26. The total assets of Azerbaijan's banks as of January 1, 2023, exceeded 47 billion manat ($27.6 billion), while total liabilities accounted for 41.4 billion manat ($24.3 billion), and the total capital equaled 5.6 billion manat ($3.2 billion), Central Bank of Azerbaijan (CBA) told Trend.
According to the CBA, assets, and liabilities as well as the capital of the banking sector increased by 22.34, 23.71, and 13.14 percent, respectively, compared to the same period in 2021.
The loan portfolio of Azerbaijan's banks in December 2022 decreased by 0.41 percent (80 million manat - $47.06 million), compared to 2021, and totaled 19.59 million manat ($11.5 million).
Deposit portfolio in the structure of liabilities of Azerbaijani banks during the specified period prevailed (81.48 percent of the total liabilities). As of December 31, 2022, the deposit portfolio of banks amounted to 33.7 billion manat ($19.8 billion).