Net foreign assets of Azerbaijani banks down by 9%

As of November 1, 2023, the net foreign assets of Azerbaijani banks amounted to 22.372 billion manats ($13.16 billion), 8.5% higher than a month ago, 10.6% less than early 2023, and 9.3% lower than a year earlier, Report informs, citing the Central Bank of Azerbaijan (CBA).

At the end of October 2023, the net domestic assets of banks made up 20,522.3 million manats ($12.07 billion), 4.1% less than the previous month’s figure, and 15.3% and 24.2% more than early 2023 and a year ago, respectively