Net foreign assets of Azerbaijani banks up by 10%

As of May 1, the net foreign assets of Azerbaijani banks amounted to 28.92 billion manats ($17.01 billion), Report informs, citing the Central Bank of Azerbaijan (CBA).

This is 2.4% more than a month ago, 8.7% more than at the beginning of the year, and 10.1% more year-on-year.

As of May 1, the net domestic assets of Azerbaijani banks amounted to 18.28 billion manats ($10.75 billion), which is 1% less than a month ago, 8.1% less than at the beginning of the year, and 3.8% less year-on-year.

There are 22 banks operating in Azerbaijan.