The Central Bank of Azerbaijan reveals the total assets of the country’s financial organizations

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BAKU, Azerbaijan, August 19. Total assets of financial organizations in Azerbaijan currently stand at 15.6 billion manats ($9.1 billion), Director of the Monetary Policy Department of the Central Bank of Azerbaijan (CBA), Azar Alasgarov, according to Trend.

According to Alasgarov, 74.4% of these assets belong to banking organizations, 22.8% – to non-bank credit organizations (NBCOs), 2.6% – to insurance companies and 0.2% – to insurance companies. investment.

“Bank assets increased by 7.6% or 2.9 billion manats ($1.7 billion) – up to 41.4 billion manats ($24.3 billion) in the first five month of 2022,” Alasgarov said.

He also added that the banks’ loan portfolio exceeded 18 billion manats ($10.5 billion), having increased by 8.6% (1.4 billion manats or $823.5 million) over the course of the year. the year.

“Asset liquidity increased by 1.8 billion manats or $1.05 billion – up to 15.7 billion manats ($9.2 billion). Some eight billion manats ($4.7 billion billion) of this amount fell on medium-term liabilities and 6 billion manats ($3.5 billion) on other liabilities,” he said.

Alasgarov also noted that the banks’ total deposit portfolio is 29.7 billion manats ($17.4 billion).

“A number of 19.3 billion manats ($11.3 billion) of this amount fell on the share of legal entities and individuals – 10.3 billion manats ($6.05 billion)”, added Alasgarov.

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