Azerbaijan-based banks see more than 6% rise in assets

As of November 1, 2019, the assets of Azerbaijan-based banks’ assets amounted to AZN 31,368,200,000, up 5.65% from a year earlier, Report informs citing the Financial Markets Supervisory Authority (FIMSA).

Of this, the loans issued to customers amounted to AZN 12,602,200,000. The loan portfolio extended by 21.7%.

In the reporting period, the liabilities grew by 4.4% to AZN 26,634,200,000 with the deposit portfolio risen by 8% to AZN 20,034,300,000. Individuals accounted for AZN 8,697,600,000, while legal entities made up AZN 11,336,700,000.

The liabilities of the banks to the Central Bank of Azerbaijan (CBA) dropped by 59.55% to AZN 159.6 million, total capital surged by 13.5% to AZN 4,734,000,000.