Banking assets in Azerbaijan grow by 15.6%

Mon 25 June 2012 09:06 GMT | 14:06 Local Time

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As of 1 May 2012 the balance assets of Azerbaijani banking system made AZN 14,741,920,000.

According to the Central Bank of Azerbaijan, it is a 0.38$ increase over 1 April and 5.7% increase over 1 January. Meanwhile, the assets have grown by 15.6% over a year earlier.

To compare, the banking assets made AZN 14,685,900,000 as of 1 April, 14,335,700,000 as of 1 March, AZN 13,898,600,000 as of 1 February, AZN 13,946,810,000 as of 1 January, AZN 12,751,770,000 as of 1 May 2011.

The banking assets have grown by 7.3% in 2011. 

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