Five banks’ investments in securities in Azerbaijan exceeded AZN 100 million

Four out of the 26 banks operating in Azerbaijan had no in their assets the investments in securities as of 1 July of this year.

banks.az reports that among them are Azerbaijan Industrial Bank, Günay Bank, Muğan Bank and Premium Bank.

And 22 other banks invested different amounts in the stock market. In five of them, the amount of investments exceeds AZN 100 million. Among them are PASHA Bank (AZN 1.797 bn), International Bank of Azerbaijan (AZN 1.4 bn), Kapital Bank (AZN 1.012 bn), Xalq Bank (AZN 119.535 million) and Rabitabank (AZN 115.528 million).

The amount of investments in securities ranges from AZN 10 million to AZN 100 million in 14 banks and less than AZN 10 million in three banks.