Obligations of the banking system for loans borrowed from the Central Bank of Azerbaijan (CBA) , widened in September by 71.5 million or 2.3 percent to 3157.1 million manat. Over the period of one year the figure rose to 741.8 million or 30.7 % , since the beginning of the year decreased by 130.8 million or 4%.
According to the CBA, since February of this year, the centralized credits are issued at the rate of 4.75% per annum.
As of the end of August, the Central Bank of centralized resources made ??up 48.5 % of all funds raised by banks from the financial sector and 19.4 % of total liabilities of the banking system .
It is noteworthy that even 5 years ago, when the global financial crisis has only just begun to be felt in the banking system of the country , the proportion of loans CBA came to only 118.6 million or 1.4% of total liabilities of the banks. - 15V -
Economics
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