Azerbaijan-based banks see 3.1-fold decline in external borrowing

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# 14:31
2 February 2018

As of January 1, 2018, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 2,308,300,000, down AZN 4,916,000,000 or 3.13-fold from previous year.

 

Central Bank of Azerbaijan said the external borrowing decreased AZN 192,700,000 or 7.7% in December 2017.

 

As of January 1, 2018, banks’ total foreign assets stood at AZN 5,874,000,000, up AZN 2,451,600,000 or 7.63% in comparison to a year earlier. Compared to previous month, total foreign assets grew AZN 1,002,000,000 or 20.65% in December.

 

 

 

 

 

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