Azerbaijan-based banks see decline in external borrowing

Azerbaijan-based banks see decline in external borrowing
  • Clock-gray 07:37
  • calendar-gray 07 November 2016

Baku – APA-Economics. As of October 1, 2016, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 6,358,000,000, up AZN 72.8 million or 1.16% from previous year.

 

Central Bank of Azerbaijan said the external borrowing decreased AZN 101.6 million or 1.57% in September 2016.

 

At the same time, compared to December 2015, banks’ total foreign liabilities decreased AZN 1,846.5 million or 22.51% in September 2016.

 

At the same time, as of October 1, 2016, banks’ total foreign assets stood at AZN 3,870,900,000, down AZN 724.2 million or 15.76% in comparison to a year earlier. Compared to previous months, total foreign assets decreased AZN 328.5 million or 7.6% in September.

 

 

 

 

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