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Banks hold 66% of assets of Azerbaijan’s financial system
Finance
- 05 March, 2019
- 09:23
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Baku. 5 March. REPORT.AZ/ As at the end of 2018, assets of the Azerbaijan’s financial system amounted to AZN 44.9 billion, Report informs citing the Cabinet of Ministers.
According to the Cabinet, 65.8% of assets are in banks, 30.9% in Non-Banking Credit Institutions (NBCI – including credit unions), 2.8% in insurance companies, 0.5% in investment companies.
The government said that the high share of NBCIs in assets was caused by the transfer of IBA’s toxic assets to Agrarkredi CJSC.
Author
Azərbaycanın maliyyə sisteminin aktivlərinin 66%-i banklarda cəmləşib
Банки Азербайджана контролируют 66% активов финансовой системы
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