BAKU, Azerbaijan, October 3. The securities portfolio of Azerbaijani banks recorded growth in the last quarter, increasing by 6.2 percent, or 584 million manat ($343.5 million), compared to the end of 2024.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that even though the numbers are on the upswing, the slice of the pie that securities hold in total assets took a bit of a hit, slipping from 17.7 percent at the end of last year to 17.5 percent, as the overall assets raced ahead at a quicker clip.
“Investments in U.S. government securities increased by 1.13 billion manat ($664.6 million), reflecting an 80.6 percent rise. Meanwhile, investments in government securities of the Ministry of Finance declined by 347 million manat ($204.1 million), or 7.8 percent, over the past six months due to reduced large-scale issuances by the ministry,” the CBA stated.
