OREANDA-NEWS. June 01, 2009.  According to Central Bank of Azerbaijan’s statistics data, country’s banking system assets have risen first time since January of the year. Nevertheless they declined from USD 12.825 bn by 1st January (rate: AZN 0.801 to the US dollar) to USD 11.2 bn by 1st May (rate: AZN 0.8035 to the US dollar). As of 1st April they were USD 10.978 bn (rate: 0.8029 to the US dollar), as of 1st February USD 12.499 bn (rate: AZN 0.8067 to the US dollar) and as of 1st March USD 11.722 bn (rate: AZN 0.8052 to the US dollar). This April’s growth made up 2.8% in manat equivalent, the four months’ fall – 12.41%.

The CBA reports that as of 1st May 2009 Azerbaijan banks’ assets totaled AZN 8.999 bn against AZN 8.815 million as of 1 April 2009, AZN 9.479 bn as of 1st March 2009, AZN 10.08 bn as of 1st February 2009, AZN 10.27 bn as of 1st January 2009 and AZN 7.672 bn as of 1st May 2008. The last time assets reached the number below AZN 9 bn on 1st August 2008 (AZN 8.811 bn).

Nevertheless, by 1st May 2009 domestic banks’ assets grew by 17.3% year-on-year versus by May 2008.