Azerbaijan-based banks see more than 8% rise in assets

As of September 1, 2019, the assets of Azerbaijan-based banks’ assets amounted to AZN 30,269,100,000, up 7.6% from a year earlier, Report informs citing the Financial Markets Supervisory Authority (FIMSA).

Of this, the loans issued to customers amounted to AZN 12,042,200,000. The loan portfolio extended by 17.5%.

In the reporting period, the liabilities grew by 6.55% to AZN 25,655,500,000 with the deposit portfolio risen by 9.9% to AZN 19,060,400,000. Individuals accounted for AZN 8,456,900,000, while legal entities made up AZN 10,603,500,000.

The liabilities of the banks to the Central Bank of Azerbaijan (CBA) dropped by 61.1% to AZN 159.7 million, total capital surged by 13.9% to AZN 4,613,600,000.