Net foreign assets of Azerbaijani banks down 4%

As of July 1 this year, the net foreign assets of Azerbaijani banks amounted to 20,991,600,000 manats (over $12 billion), down 6.5% m-o-m.

Report informs referring to the Central Bank of Azerbaijan that the figure was 16.1% lower than in the beginning of the year and 3.9% less than on June 1, 2022.

At the end of June this year, net domestic assets of banks amounted to 18,920,200,000 manats (over $11 billion), rising 7% in monthly comparison, 13.8% from the beginning of the year and 23.1% y-o-y.

There are 24 banks operating in Azerbaijan.