Baku, Azerbaijan, Mar. 4
By Azad Hasanli - Trend:
As of February 1, 2015, the assets of the Azerbaijani banking sector amounted to 24.8 billion mantas (AZN) compared to 20.55 billion manats on the results of January 2014, the report of the Central Bank of Azerbaijan on the results of January 2015 said Mar.4.
The official exchange rate is 1, 0493 AZN/USD on Mar. 4.
The bank assets increased by 20.68 percent during a year, according to the Central Bank of Azerbaijan.
The basis of the assets of the banking sector (69.2 percent) accounted for loans delivered to the clients in the amount of 17.18 billion manats (20.99 percent growth during a year), other assets (2.1 billion manats with 8.51 percent weight and 18.64 percent growth during a year), investments (1.97 billion manats with 7.92 percent weight and 15.88 percent growth during a year).
Funds on correspondent accounts on the results of January 2015 were 1.5 billion manats.
Loans and deposits delivered by the banks to the financial sector amounted to 965.2 million manats (3.9 percent).
The lion share in the structure of liabilities accounts for deposits standing at 10.8 billion manats (43.49 percent) as of February 1, 2015, showing an increase of 17.9 percent compared to the same period of 2014. Loans and deposits from the financial sector amounted to 8.37 billion manats (33.7 percent), increasing by 23.1 percent during a year.
There are 45 banks in Azerbaijan: 43 commercial banks and 2 state-owned banks. There are 23 banks with foreign capital. The share of foreign capital ranges from 50 to 100 percent in eight of them, while up to 50 percent in 13 banks. There are also two local branches of foreign banks.
--
Follow the author on Twitter: @AzadHasanli
