Azerbaijan-based banks see 7% decline in external borrowing in August

Total foreign liabilities of Azerbaijan-based commercial banks slipped AZN 31.3 million or 0.48% to 6,428,300,000 as of September 1, 2017.

Central Bank of Azerbaijan said the external borrowing decreased AZN 462.7 million or 6.71% in August 2017.

Compared to December 2016, the external borrowing declined AZN 796.5 million or 11.02% in August.

As of September 1, 2017, banks’ total foreign assets stood at AZN 3,949,800,000, down AZN 249,600,000 or 5.94% in comparison to a year earlier. Compared to previous month, total foreign assets slid AZN 15.4 million or 0.39% in August. APA