BAKU, Azerbaijan, June 9. Azerbaijan's commercial banks have recorded a substantial increase in their net foreign assets, reaching a total value of 5.16 billion manat ($3 billion) as of May 1, 2025.
Data obtained by Trend from the Central Bank (CBA) indicates that this figure represents an increase of 1.3 billion manat ($764.7 million), or 33.8 percent, from the previous year.
Moreover, in the first four months of this year, the total foreign assets of commercial banks amounted to 8.77 billion manat ($5.1 billion), up from 7.15 billion manat ($4.2 billion) during the same period in 2024. This shows a 1.6 billion manat ($941.1 million) or 22.8 percent annual growth in the total foreign assets of these banks.
Moreover, the foreign liabilities of commercial banks reached a deficit of 2.37 billion manat ($1.39 billion) by May 1, 2025.
In total, Azerbaijan's banking sector had net foreign assets amounting to 28.9 billion manat ($16.9 billion) by May 1, 2025, reflecting a monthly increase of 665.8 million manat ($391.6 million) or 2.4 percent, and a year-on-year rise of 2.64 billion manat ($1.55 billion) or 10.1 percent.
During the same period, banks' net domestic assets totaled 18.2 billion manat ($10.7 billion), which represents a decrease of 188.9 million manat ($111.1 million) or 1 percent compared to April 1, and a decline of 713.1 million manat ($419.4 million) or 3.8 percent compared to May 1, 2024.
