Baku. 28 January. REPORT.AZ/ As of December 31, 2018, the assets of Azerbaijan-based banks stood at 29,502.4 million, liabilities at AZN 25,430.6 million, Report informs referring to the Financial Markets Supervisory Authority (FIMSA).
Their net worth amounted to AZN 4,071.8 million. In December 2018, the banks’ assets declined by 1.1% or AZN 324.8 million, liabilities by 0.6% or AZN 149.2 million and net worth by 4.1% or AZN 175.6 million.
The loan portfolio surged 3.7% or AZN 456.2 million settling at AZN 12,628.3 million in December, 11.4% or AZN 1,290.7 million in 2018.
Individuals’ deposits soared 3.5% or AZN 279.8 million to AZN 8,269.7 million in December, 9.6% or AZN 727.2 million in 2018.
The banking sector ended 2018 on profit, including AZN 694.6 million as operating profit, AZN 279.4 million as net profit.
In the reporting period, 30 banks had 508 branches, 130 departments, 2,502 ATMs.