Azerbaijan-based banks see 1% rise in external borrowing

Azerbaijan-based banks see 1% rise in external borrowing
# 08 September 2017 15:34 (UTC +04:00)

As of August 1, 2017, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 6,891,000,000, up AZN 442.7 million or 6.87% from previous year.

 

Central Bank of Azerbaijan said the external borrowing increased AZN 90.6 million or 1.33% in July 2017.

 

Compared to December 2016, the external borrowing increased AZN 333.8 million or 4.62% in July.

 

As of August 1, 2017, banks’ total foreign assets stood at AZN 3,075,600,000, up AZN 993,500,000 or 47.72% in comparison to a year earlier. Compared to previous months, total foreign assets increased AZN 89.6 million or 3% in July.

 

 

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