BAKU/30.01.14/TURAN : Total assets of Azerbaijani banks widened in December last year by 201.5 million or 0.9% to 20,385.1 million manat. From the beginning, the bank's assets increased by 23.3 %.
According to the Azerbaijani Central Bank , credit investments at 1 January 2014 amounted to 14,989.8 million manat, increasing the reporting month by 77.6 %. Over the last year the lending of the economy grew by 25.3 %.
Deposits in banks in December decreased by 23.8 million or 0.4 %, to 6,395.8 million manat. This figure from the beginning of the year grew by 25%.
The total capital of the banking sector increased in the reporting month by 84 million or 2.6% amounting to 3,426.2 million manat. During the year the figure rose by 853.2 million or 33.2% . In many ways, this growth was caused by the CBA decision about a fivefold increase in requirements to the minimum level of total capital of banks. The decision was due to come into force on 1 January this year, but then for reasons of financial stability the oversight body has delayed its performance for the year . - 15B -
Economics
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