BAKU, Azerbaijan, April 2. The total assets of Azerbaijan's active banks reached 53.6 billion manat ($31.53 billion), total liabilities billion manat ($27.47 billion)—and the equity capital billion manat ($4 billion)—in February of this year.
Data obtained by Trend from the Central Bank of Azerbaijan shows that in the reporting month the total assets increased by 0.9 percent (470.9 million manat, or $277 million), total liabilities by 0.7 percent (346.1 million manat, or $203.6 million), and equity capital grew by 1.9 percent (124.8 million manat, or $73.5 million).
During the reporting month, the banks' loan portfolio increased by 0.3 percent (77.7 million manat, or $45.6 million), reaching 27.6 billion manat ($16.24 billion).
Loan portfolio structure:
i) business loans – 53.5 percent (14.8 million manat, or $8.71 million)
ii) consumer loans – 31 percent (8.5 million manat, or $5 million)
iii) mortgage loans – 15.5 percent (4.3 billion manat, or $2.53 billion).
The share of overdue loans in the total loan portfolio (including non-banking credit organizations and credit unions) decreased by 0.3 percentage points, standing at 1.6 percent.
In the structure of bank liabilities, the deposit portfolio traditionally dominates, making up 80.9 percent of total liabilities (37.8 billion manat, or $22.24 billion).
The deposit portfolio consists of 61.6 percent (23.3 billion manat, or $13.7 billion) from legal entities and 38.4 percent (14.5 billion manat, or $8.53 billion) from individuals' deposits (excluding deposits from individual entrepreneurs).
