Azerbaijan increase net financial assets by nearly $ 849 million this year

In the first quarter of this year, Azerbaijan increased net financial assets by $ 848.9 million, Report informs, citing the Central Bank of Azerbaijan (CBA).

According to the information, the increase was caused by the decrease of $ 36.3 million in net foreign direct investment by, growth of $ 119.2 million in portfolio investment and growth of $ 766 million in other investments.

According to the CBA, net financial assets for portfolio investments increased by $ 119.2 million, while net financial liabilities decreased by $ 48.8 million, resulting in a surplus of $ 168 million in portfolio investment flows.

Assets on portfolio investments during the reporting period mainly increased at the expense of equity securities (US $ 4.7 million), state (US $ 7.9 million), banking (US $ 47.7 million) and private (US $ 58.9 million) sectors. Liabilities decreased due to the state ($ 3.1 million), banking ($ 45 million) and other sectors ($ 0.7 million).