Azerbaijani banks reduce external obligations by 18%

As of December 1, 2021, the external liabilities of the Azerbaijani banks amounted to AZN1,021,800,000.

Report informs citing the Central Bank of Azerbaijan that this is 0.8% less than on November 1, 16.3% less than on January 1, 2020, and 17.6% less than on December 1, 2021.

As of December 1, 2021, the net foreign assets of Azerbaijani banks amounted to AZN19,212,500,000. This is 2.2% more than on November 1, 4.2% more than at the beginning of the year, and 10.6% more than in the same period last year.

There are 26 banks in the country.