Azerbaijan-based banks see more than 7% rise in assets

Namig Huseynov
Author

As of October 1, 2019, the assets of Azerbaijan-based banks’ assets amounted to AZN 31,363,300,000, up 7.4% from a year earlier, Report informs citing the Financial Markets Supervisory Authority (FIMSA).

Of this, the loans issued to customers amounted to AZN 12,383,900,000. The loan portfolio extended by 20.8%.

In the reporting period, the liabilities grew by 6.3% to AZN 26,674,800,000 with the deposit portfolio risen by 9.9% to AZN 20,062,600,000. Individuals accounted for AZN 8,491,300,000, while legal entities made up AZN 11,571,300,000.

The liabilities of the banks to the Central Bank of Azerbaijan (CBA) dropped by 60.7% to AZN 160.8 million, total capital surged by 14% to AZN 4,688,500,000.

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