Assets of Azerbaijan's banking sector exceed 50 billion manats

As of July 1, 2024, the assets of the Azerbaijani banking sector amounted to 50.328 billion manats.

banks.az reports with reference to the Central Bank of Azerbaijan that the indicator is 11.3% more than on July 1, 2023.

The net loans given to customers totaled 23.97 billion manats of banks' assets.

Over Jan-Jun 2024, the sector's loan portfolio grew by 19.5%, and the share of loans in assets increased from 44.4% to 47.6%.

The liabilities of the banking sector increased by 12.2% and reached 44.086 billion manats, including the deposit portfolio by 9.8% up to 35.185 million manats. Of them, 13.88 billion manats are deposits of individuals and 21.3 billion manats —  deposits of legal entities. Over Jan-Jun 2024, population’s money in banks increased by 11.3% and companies’ finances by 8.8%.

Banks' liabilities to the Central Bank declined 2.3-fold to 47.1 million manats.

The balance sheet capital of the sector grew by 5.6% up to 6.24 billion manats.