Azernews.Az

Total volume of capital of Azerbaijan’s banking sector amounted to about 1.91 billion manats (1.9111 AZN/USD on Feb. 4) in 2016, according to the banking sector’s report disseminated by the country’s Financial Market Supervisory Authority (FIMSA).

In December 2016, the level of the banks’ capitalization decreased by 17 percent as compared to late November 2016, according to the report.

Total assets of the sector amounted to about 31.44 billion manats in late December, as compared to 31.87 billion manats in late November.

The banks’ available funds totaled 1.08 billion manats (1.17 billion manats in November) in late December, and investments in securities amounted to 414.6 million manats, as compared to 409.9 million manats in November.

The loan portfolio of banks reached 15.94 billion manats in late 2016, as compared to 15.77 billion manats in November. The volume of reserves, created for redemption of possible losses on issued loans, increased by 9.7 percent during a month and totaled 1.69 billion manats.

Deposit portfolio of the banking sector during the period totaled 16.41 billion manats (16.89 billion manats in late November), including 7.43 billion manats – deposits of individuals, 8.98 billion manats – deposits of legal entities.

The bank’s liabilities to the Central Bank of Azerbaijan amounted to almost 1.7 billion manats in late 2016.

During the period, the banking sector’s losses totaled 1.68 billion manats.

Thirty-two banks operate in Azerbaijan, including two state owned ones.

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