Azerbaijani Banking System Assets Grew by 0.7% in June 2009
OREANDA-NEWS. July 20, 2009. According to Central Bank of Azerbaijan’s statistics data, country’s banking system assets grew for the third month running since January of the year.
Nevertheless they declined from \\$12.825 bn by 1st January (rate: AZN 0.801 to the US dollar) to USD 11.43 bn by 1st July 2009 (rate: AZN 0.8042 to the US dollar). As of 1st June they totaled USD 11.3 bn (rate: AZN 0.8035 to the US dollar), as of 1st May USD 11.3 bn (rate: AZN 0.8035 to the US dollar), as of 1st April USD 10.978 bn (rate: AZN 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 June’s growth made up 0.68% in manat equivalent, the six months’ fall – 10.05%.
The CBA reports that as of 1st July 2009 Azerbaijan banks’ assets totaled AZN 9.19 bn against AZN 9.129 bn as of 1st June, AZN 8.999 bn as of 1st May, 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 8.744 bn as of 1st July 2008. The last time assets reached the number below AZN 9 bn on 1st August 2008 (AZN 8.811 bn) and on 1st April 2009.
Nevertheless, by 1st July 2009 domestic banks’ assets grew by 5.1% year-on-year versus the index by July 2008.