Total assets of banks operating in Azerbaijan climbed to 63.621 billion manats as of October 1, up 13.3% from the same date last year, the Central Bank of Azerbaijan reported.
According to statistics released by the Central Bank of Azerbaijan (CBA), banking sector assets reached 63 billion 621.7 million manats as of October 1, marking a 13.3% increase compared with the same date a year earlier.
Total liabilities across the banking sector stood at 55 billion 783 million manats as of the same date, while balance sheet capital amounted to 7 billion 838.7 million manats.
Over the course of September, the banking system’s key indicators showed positive momentum: assets rose 1.8%, liabilities grew 1.9%, and balance sheet capital increased 1.1%.
The loan portfolio of Azerbaijani banks also expanded during the month, growing by 860.5 million manats, or 2.6%, to reach 33 billion 684.7 million manats.
