Total capital of Azerbaijani banks increases
The aggregate assets of Azerbaijani banks exceeded 29.65 billion manats at the beginning of June, and liabilities – 25.16 billion manats, Trend reports pn June 27 with reference to the Financial Market Supervisory Authority of Azerbaijan (FIMSA).
Compared to the beginning of the year, when assets amounted to 29.502 billion manats, a slight increase by half a percentage point is observed. The capitalization of banks amounted to about 4.49 billion manats, while the year-on-year growth amounted to 10.3 percent.
The share of the loan portfolio in May accounted for 43.4 percent of the sector’s assets, and this is 1.5 percent more than the previous month (186.6 million manats).
The total portfolio of bank loans amounted to 12.861 billion manats. Loans issued in national currency increased by 2.1 percent (170.4 million manats) and amounted to more than 8.26 billion manats.
The deposits of individuals in the fifth month, increasing by 47.7 million manats (1.3 percent), amounted to about 8.53 billion manats. The total deposits of legal entities increased by 29.1 million manats (0.3 percent) and totaled about 10.21 billion manats.