Azerbaijani banking assets reach historic high

Azerbaijan's banks had assets of AZN 13.664bn ($17.387bn) as of 1 December, 7.6% or almost AZN 1bn, more than on 1 December 2010.

The Central Bank of Azerbaijan reported that banking assets were AZN 13,664,700,000 as of 1 December.

This constitutes growth of 1.2% over 1 November, when banks’ assets were AZN 13.503bn.

Annual growth was 7.6% since banking assets on 1 December 2010 were AZN 12,697,060,000.