Azerbaijan-based banks see decline in total foreign assets

Azerbaijan-based banks see decline in total foreign assets
# 15 January 2018 12:47 (UTC +04:00)

As of December 1, 2017, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 2,501,000,000, down AZN 4,538,100,000 or 2.8-fold from previous year.

 

Central Bank of Azerbaijan said the external borrowing, compared to October, decreased AZN 49,300,000 or 1.93% in November 2017.

 

As of December 1, 2017, banks’ total foreign assets stood at AZN 4,868,800,000, up AZN 1,400,400,000 or 40.38% in comparison to a year earlier. Compared to previous month, total foreign assets declined AZN 697,100,000 or 12.52% in November.

 

 

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