Azerbaijan-based banks see nearly 3% decline in external borrowing

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# 16:28
8 May 2017

As of April 1, 2017, total foreign liabilities of Azerbaijan-based commercial banks stood at AZN 7,310,900,000, down AZN 124.5 million or 1.67% from previous year.

 

Central Bank of Azerbaijan said the external borrowing decreased AZN 200.4 million or 2.67% in March 2017.

 

Compared to December 2016, the external borrowing increased AZN 86.1 million or 1.19% in March.

 

As of April 1, 2017, banks’ total foreign assets stood at AZN 3,159,000,000, down AZN 5,968,500,000 or 2.89-fold in comparison to a year earlier. Compared to previous months, total foreign assets declined AZN 717 million or 18.5% in March.

 

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