BAKU, Azerbaijan, Jan.27
By Zeyni Jafarov – Trend:
The Azerbaijani banking sector reduced its total liabilities by 2.8 percent in 2020 compared to 2019, Trend reports citing a statistical report of the Central Bank of Azerbaijan (CBA).
In accordance with the report, the total liabilities lowered by 783.7 million manat ($461 million) to slightly over 27.3 billion manat ($16 billion).
In the structure of liabilities, a big part (over 75.7 percent) accounted for deposits (excluding deposits to the financial institutions), the volume of which decreased by 2.8 percent for the year to 20.7 billion manat ($12.18 billion).
At the same time, most part (61.2 percent) accounted for the deposits of legal entities in the amount of 12.68 billion manat that’s $7.46 billion (down by 1.1 percent), of which 10.64 billion manat ($6.26 billion) accounted for demand deposits.
The individuals' deposits decreased by 5.4 percent to slightly over 8.04 billion manat ($4.7 billion), of which more than 59.5 percent accounted for term deposits in the amount of 4.79 billion manat ($2.82 billion). Deposits of financial institutions amounted to 1.08 billion manat ($640 million) or 5.2 percent of all deposits.
The banks' liabilities to the Central Bank of Azerbaijan amounted to 374.4 million manat ($220.24 million), which is 48.3 million manat ($28.4 million) more than in the previous year. Loro accounts amounted to 232 million manat ($136.47 million).
The volume of loans from banks and financial institutions amounted to 2.15 billion manat ($1.26 billion), practically unchanged since the beginning of the year. The issued securities of the country's banks totaled 1.73 billion manat ($1.02 billion) or 6.3 percent of the total amount of liabilities. Other liabilities made up 1.07 billion manat ($630 million).
In accordance with the report, the total capital of banks for 2020 decreased by 2.5 percent and equaled 4.7 billion manat ($2.76 billion), while the banks' own capital amounted to 4.38 billion manat ($2.58 billion), and the capital reserves of the bank – 316.4 million manat ($186.12 million).
(1 USD = 1.7 AZN on Jan.27)
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