Azerbaijan-based banks see decline in external borrowing

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.