Azerbaijan-based banks' net worth exceed AZN 5B  

As of February 1, 2022, the assets of the banking sector of Azerbaijan amounted to over 37.982 billion manats, 18.9% more than on February 1, 2022, Report informs, citing the Central Bank of Azerbaijan.

Net loans issued to customers accounted for 15.632 billion manats of bank assets. Over the past year, the sector's loan portfolio grew by 19.7%, and the share of loans in assets increased from 40.9% to 41.2%.

During the reporting period, the liabilities of the banking sector increased by 21% - to over 32.954 billion manats, including the deposit portfolio increased by 32.9% - up to 26.954 billion manats. Of these, over 9.456 billion manats are deposits of individuals, 17.497 billion manats are deposits of legal entities. During the year, the funds of the population in banks increased by 17%, and the funds of companies in banks - by 43.3%.

Over the past year, banks' liabilities to the Central Bank of Azerbaijan decreased by 15.2% and amounted to 317.3 million manats; the sector's balance sheet capital increased by 6.5% and amounted to 5.028 billion manats.