Net foreign assets of Azerbaijani banks down by about 8%

As of April 1, 2023, the net foreign assets of Azerbaijani banks amounted to 21.485 billion manats ($12.65 billion), 7.8% lower than a month ago, 14.2% less than early 2023, and 1.5% more year-on-year, Report informs, citing the Central Bank of Azerbaijan (CBA).

At the end of March 2023, the net domestic assets of banks made up 19,593.4 million manats ($11.53 billion), 6.3% more than the previous month’s figure, 10.1% more than early 2023, and 42.6% higher than a year ago.