[ad_1] As of August 1, 2021, the deposits in foreign currencies in Azerbaijan-based banks accounted for AZN 9,666.4 million, showing a 9.7% increase in comparison to a month ago. At the same time, this figure is 8.8% up from the beginning of the year, 10% down from a year earlier. [ad_2] https://report.az/en/finance/azerbaijan-based-banks-see-10-growth-in-foreign-currency-deposits/
Tag: banks
Taliban’s access to Afghan Central Bank’s assets to be denied
[ad_1] The Taliban will be denied access to any Afghan reserves held in US accounts, a US administration official told AFP on Monday, Report informs, referring to foreign media. As US forces were evacuating Afghanistan’s capital after the Taliban’s swift takeover, the official said, “Any Central Bank assets the Afghan government have in the United… Continue reading Taliban’s access to Afghan Central Bank’s assets to be denied
External liabilities of Azerbaijani banks shrink by 23%
[ad_1] As of July 1, 2021, external liabilities of Azerbaijani banks amounted to over 1.137 billion manats ($669.18 million). Report informs, citing the Central Bank of Azerbaijan, that this figure is 2.4% less than on June 1. The volume of external liabilities decreased by 6.8% compared to the beginning of the year and by 22.7%… Continue reading External liabilities of Azerbaijani banks shrink by 23%
Net foreign assets of Azerbaijani banks down by 5%
[ad_1] As of July 1, 2021, the net foreign assets of Azerbaijani banks amounted to over 18.285 billion manats ($10.75 billion). Report informs, citing the Central Bank of Azerbaijan, that this figure is 5% more than on June 1, 2.8% more than at the beginning of the year, and 9.2% more than a year ago.… Continue reading Net foreign assets of Azerbaijani banks down by 5%
Azerbaijani banks increase lending | Report.az
[ad_1] As of July 1, 2021, credit investments in the Azerbaijani economy amounted to over 15.258 billion manats ($8.97 billion). Report informs citing the Central Bank of Azerbaijan that this figure is 1.3% more compared to June 1. It is also increased by 5% since the beginning of the year and by 4.9% compared to… Continue reading Azerbaijani banks increase lending | Report.az
Azerbaijani banks see 8% growth in assets
[ad_1] As of June 1, 2021, the assets of Azerbaijan-based banks assets amounted to AZN 33,810.7 million, up 8.2% from a year earlier, Report informs citing the Central Bank of Azerbaijan (CBA). Of this, the loans issued to customers amounted to AZN 13,501 million. The loan portfolio grew 3.55%, the share of loans in assets… Continue reading Azerbaijani banks see 8% growth in assets
Azerbaijani banks’ net profit down by 13%
[ad_1] In January-May of 2021, the net profit of the banking sector of Azerbaijan stood at AZN 273.2 million, which is 13.1% lower than the same period in 2020. In the first five months of 2021, banks’ operating income amounted to AZN 1,169.3 million (10.1% more than a year ago), operating expenses – to AZN… Continue reading Azerbaijani banks’ net profit down by 13%