Azerbaijani banks’ net foreign assets drops to minimum of last 8 years

17:35 - 25.10.2023


October 25, Fineko/abc.az. Over Jan-Sept 2023, the net foreign assets of Azerbaijani banks decreased to the lowest since November 2017, ABC.AZ reports, referring to CBA monthly bulletin.

In the first 3 months of the year, it declined by AZN 3.548 billion (by 55%) to AZN 2.879 billion. The last time the net assets of banks at the end of November 2017 amounted to AZN 2.194 billion.

The highest figure for the last 6 years was in September 2012 – AZN 7.29 billion.