Azernews.Az

By Trend

The capitalization of the banking sector of Azerbaijan as of late December 2018 amounted to 4.071 billion manats, which is 9.78 percent more than the figure at the beginning of the year, Trend reports referring to the Financial Market Supervision Authority (FIMSA).

As the FIMSA report said, the total assets of banks since the beginning of the year increased by 5.66 percent, reaching 29.502 billion manats. In the reported period, the volume of cash at the disposal of banks amounted to almost 1.364 billion manats, the correspondent accounts at the Central Bank contained 2.333 billion manats and the funds on the nostro accounts (correspondent accounts with other banks) - almost 1.959 billion manats.

Bank investments in securities reached 3.587 billion manats (a 43.54 percent increase since the beginning of the year).

Since early 2018, banks increased lending by 11.38 percent and by the end of December, the total loan portfolio of banks amounted to 12.628 billion manats. Provisions for these loans were created for 1.479 billion manats.

The total liabilities of the country's banking sector increased by 5.03 percent to 25.431 billion manats. The largest share of liabilities fell on deposits - 73.6 percent, or 18.581 billion manats (9.98 percent growth since early 2018). The volume of deposits of individuals amounted to 8.27 billion manats, legal entities - 10.31 billion manats.

The liabilities of banks to the Central Bank decreased from 507.6 million to 384.7 million manats.