About 2.7 billion manat of local banks held abroad

As of June 1, the external liabilities of banks in Azerbaijan amounted to 4 416.3 million (+ 6.7% YTD).

According to the Central Bank, during the reporting period, the total foreign assets of local banks are 2 680.9 million (+16.6%). While in May the total foreign assets of Azerbaijani banks decreased by 7.8%.

External liabilities of banks in Azerbaijan are formed from loans and deposits of non-residents, as well as securities placed in non-residents. - 17D-

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