Azerbaijan-based banks see decline in external borrowing

Azerbaijan-based banks see decline in external borrowing
# 07 March 2018 13:05 (UTC +04:00)

As of February 1, 2018, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 2,267,200,000, down AZN 5,804,500,000 or 3.56-fold from previous year.

 

Central Bank of Azerbaijan said compared to December 2018, the external borrowing decreased AZN 41.1 million or 1.78% in January 2018.

 

As of February 1, 2018, banks’ total foreign assets stood at AZN 6,639,000,000, down AZN 2,626,000,000 or 65.44% in comparison to a year earlier. Compared to previous month, total foreign assets grew AZN 765,000,000 or 13.02% in January.

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