Zakir Nuriyev: Volume of deposits in banks has reached AZN 15.8 bn

12:38 - 24.11.2022


November 24, Fineko/abc.az. The volume of liquid funds of the banking sector of Azerbaijan continues to grow, as a sector, we occupy quote good position from angle of liquidity, ABC.AZ reports, quoting Azerbaijan Banks Association’s president Zakir Nuriyev.

"Thus, the volume of cash funds of banks, deposits on correspondent accounts and in financial institutions has increased by 25% over the past 12 months and reached AZN 15.8 bn (36% of overall assets). We expect that these rapid growth rates of the banking sector in the post-pandemic period will move into a more moderate development trend next year. And this is considered the optimal period for the introduction of innovations to support the growth of the sector," Nuriyev added.

 

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