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Azerbaijan-based banks see decline in external borrowing

04 May 2018 16:29 (UTC +04:00)

As of April 1, 2018, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 1,892,300,000, down AZN 5,418,600,000 or 3.86-fold from previous year.

Central Bank of Azerbaijan said compared to February 2018, the external borrowing decreased AZN 360.6 million or 16% in March 2018.

As of April 1, 2018, banks’ total foreign assets stood at AZN 5,871,800,000, down AZN 2,712,800,000 or 85.88% in comparison to a year earlier. Compared to previous month, total foreign assets declined by AZN 600,500,000 or 9.28% in March.

ize: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20.8px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;">As of March 1, 2018, the M2 Board of money supply stood at AZN 12,744,900,000, up AZN 1,980,900 or 18.4% in comparison to a year earlier.