Total assets of banks operating in Azerbaijan unveiled

16:05 - 24.10.2019


October 24, Fineko/abc.az. The Financial Market Supervision Authority (Fimsa) has published the summary indicators of the banking sector for September 2019.

ABC.AZ informs that according to Fimsa’s report, the total assets of the banking system of Azerbaijan amounted to AZN 31.36 bn and total liabilities AZN 26.67 bn as of 30 September. The balance sheet capital of the sector reached AZN 4.69 million.

The loan portfolio made up 44.2% of the sector's assets in September. Over the past 9 months the loan portfolio makes up 9.8% (AZN 1.2 bn). Banks’ loan portfolio totaled AZN 13.87 bn by the end of the reported term. 61.6% of the loan portfolio consisted of business loans and 38.4% of consumer loans. 46.4% of assets are foreign currency assets. 34.8% of the loan portfolio is in foreign currency.

By Elmir Murad

 

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