Azerbaijan-based banks see 12% decline in external borrowing

Azerbaijan-based banks see 12% decline in external borrowing
  • Clock-gray 14:14
  • calendar-gray 10 February 2017

As of January 1, 2017, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 7,224,800,000, down AZN 979.7 million or 11.94% from previous year.

 

Central Bank of Azerbaijan said the external borrowing increased AZN 185.7 million or 2.64% in December 2016.

 

As of January 1, 2017, banks’ total foreign assets stood at AZN 3,442,400,000, down AZN 4,228,100,000 or 2.24 times in comparison to a year earlier. Compared to previous months, total foreign assets declined AZN 221.2 million or 1.33% in December.

 

 

 

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