Deposits from Beginning of Year Decreased by 7.5%

Baku / 04.10.17 / Turan: Assets of 31 banks operating in Azerbaijan as of August 31, 2017 as compared to the beginning of the year decreased by 1,947,800,000 manat or 6.2%, amounting to 29,491,700,000 manat, the Financial Markets Supervision Authority reported.

Over the reporting period, banks" liabilities amounted to 26,568,200,000 manat (a reduction of 2,962,500,000 manat or 10%), and capital amounted to 2,923,600,000 manat (an increase of 1,014,800,000 manat or 53.2%).

Deposits of the population since the beginning of the year have decreased by 7.5% or 560,400,000 manat, amounting to 6,871,700,000 manat.

The banks" debt to the Central Bank decreased from 1,695,500,000 manat at the beginning of the year to 609,300,000 manat at the end of August.

During the reporting period the banks had a net profit of 350,300,000 manat. ------71D