Azerbaijan-based banks see decline in external borrowing

Azerbaijan-based banks see decline in external borrowing
# 08 November 2017 13:37 (UTC +04:00)

Total foreign liabilities of Azerbaijan-based commercial banks slipped AZN 3,651,500,000 or 2.34-fold to 2,706,500,000 as of October 1, 2017.

 

Central Bank of Azerbaijan said the external borrowing decreased AZN 3,721,800,000 or 2.37-fold % in September 2017.

 

Compared to December 2016, the external borrowing declined AZN 4,518,300,000 or 2.7-fold in September.

 

As of October 1, 2017, banks’ total foreign assets stood at AZN 5,268,200,000, up AZN 1,397,300,000 or 36.09% in comparison to a year earlier. Compared to previous month, total foreign assets grew AZN 1,318,400,000 or 33.37% in August.

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