Total assets of Azerbaijan’s banking system amounted to AZN 27.99 bn

16:38 - 25.07.2018


July 25, Fineko/abc.az. The Financial Markets Supervision Chamber (FIMSA) has published statistics of the banking sector for the 1st half of 2018.

FIMSA reports that as of 30 June 2018 total assets of the banking system of Azerbaijan reached AZN 27.99 bn.

"The loan portfolio totaled AZN 11.712 bn, liabilities AZN 24.087 bn, balance capital of the banking sector AZN 3.904 bn, retail deposits AZN 8.019 bn," FIMSA reported.

In the 1st half of the year banks’ assets increased by 0.2% or AZN 70 million and the balance capital by 5.2% or AZN 195 million.

The loan portfolio grew by 3.3% or AZN 375 million (by 1.4% or AZN 160 million in June), deposits of individuals by 6.3% or AZN 477 million (by 2.9% or AZN 227 million in June).

Fixed-term deposits of the population increased by 9.7% or AZN 505 million (by 2.7% or AZN 148 million for June).

In the 1st half of 2018 the operating profit of the domestic banking sector amounted to AZN 308.6 million. The banks spent AZN 258.4 million on the formation of reserves for the reporting period. As a result, the net profit of the banking sector for the first 6 months of 2018 reached AZN 36.3 million.

During the reporting period the country numbered 30 banks with 511 branches, 143 sub-branches and 2,481 cash machines. Over the 6 months of the year the banking sector personnel increased by 3.5% or 566 employees up to 16,737 employees.

 

 

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