PremiumAzerbaijani banks’ net foreign assets take giant leap in past month

Azerbaijan's banks are riding high with a notable boost in their net foreign assets, hitting close to 29 billion manat as of May 1st. This marks a 2.4 percent uptick from the previous month and a hearty 10.1 percent jump compared to the same time last year. In the meantime, net domestic assets took a small dip, slipping by 1 percent from last month and down 3.8 percent compared to the same time last year.