Azerbaijan-based banks see decline in external borrowing

Musa Əhmədov
Author

Baku. 26 October. REPORT.AZ/ As of October 1, 2018, Azerbaijan-based commercial banks’ foreign liabilities stood at AZN 1,927,300,000, down AZN 779.2 million or 28.79% from the previous year, AZN 85.7 million or 4.7% by contrast to August, Report informs citing the Central Bank of Azerbaijan (CBA).

As of October 1, 2018, banks’ total foreign assets made up AZN 6,337,800,000, up AZN 69.6 million or 20.3% from the previous year, AZN 574.7 million or 9.97% in comparison to a month earlier.  

Other News

Azerbaijans central bank forecasts inflation at 6.1% in 2026 and 5.8% in 2027 16 October, 2026 / 18:24
Baku expected to host Global Conference on State-Owned Enterprises in 2027 16 October, 2026 / 17:54
CBA, Swiss National Bank mull macroeconomic stability initiatives 16 October, 2026 / 15:10
Finance Ministry: Changes in oil prices may affect Azerbaijan's State Oil Fund assets by up to $1.8B 16 October, 2026 / 12:13
Azerbaijan Central Bank discusses cooperation with ADCB and UBS Asset Management 16 October, 2026 / 12:01
IsDB, WB to expand co-financing of development projects in member countries 16 October, 2026 / 10:33
Azerbaijan's investment expenditures to nearly double in 2027 16 October, 2026 / 10:12
WB mobilizes around $100M in private capital in Azerbaijan in fiscal year 2026 16 October, 2026 / 10:08
CBA currency exchange rates (16.10.2026) 16 October, 2026 / 09:16
Key indicators of world commodity, stock, and currency markets (16.10.2026) 16 October, 2026 / 09:11
Azerbaijan's economy expected to attract almost $64 billion by 2030 16 October, 2026 / 08:20
Azerbaijan's external debt servicing to exceed AZN 1.4 billion 16 October, 2026 / 08:04
Azerbaijan to spend nearly $8B on reconstruction of liberated territories 16 October, 2026 / 07:50
Azerbaijan revises 2027 budget revenue forecast upward 16 October, 2026 / 07:25
Azerbaijan publishes Medium-Term Expenditure Framework for 2027-2030 15 October, 2026 / 23:49
Global economic developments and their impact on Azerbaijan discussed in Bangkok 15 October, 2026 / 17:16
ING lowers its inflation forecast for Azerbaijan for 2026 15 October, 2026 / 17:10
ING Group: Azerbaijan's economy to grow by average of 2.3% in 2026-2028 15 October, 2026 / 17:03
Azerbaijan's CBA discusses expanding cooperation with BNY Mellon 15 October, 2026 / 16:30
ING: Azerbaijan least vulnerable to external shocks among CIS-4 economies 15 October, 2026 / 16:03