Total assets of Azerbaijan’s banking system for Jan-Oct almost reached AZN 30 bn

15:50 - 17.12.2018


December 17, Fineko/abc.az. The Financial Market Supervision Authority (Fimsa) has announced the banking sector statistics for the first 10 months of 2018.

Fimsa reports that as of 31 October 2018 country’s banking system total assets amounted to AZN 29.69 bn.

"On 31 October the credit portfolio totaled AZN 11.889 bn, liabilities AZN 25.518 bn, balance capital of the banking sector AZN 4.117 bn," Fimsa said in a statement.

Over Jan-Oct of the year banks’ assets increased by AZN 488.4 million (1.7%), liabilities by AZN 429.2 million (1.7%), and balance capital by AZN 59.2 million (1.4%). There were no significant changes in the dynamics of the loan portfolio. Compared to early 2018, banks’ loan portfolio increased by AZN 551.6 million or 5%. In October retail deposits increased by 6.8% up to AZN 8.057 million.

"Following Jan-Oct the banking sector’s operating profit amounted to AZN 581.8 million and net profit AZN 238 million," Fimsa said.

During the reporting period the country’s 30 banks numbered 508 branches, 140 branches and 2,492 cash machines. For the first 10 months of 2018 the number of employees in the banking sector grew by 1,040 people.

 

Вся лента