Azernews.Az

Liabilities of Azerbaijani banks increased by 15.5 per cent in January-September, reaching 13.66 billion manat, the report of the Central Bank of Azerbaijan (CBA) on financial stability said on Wednesday.

During the reporting period the funds raised from the domestic market were the main source of the formation of the Azerbaijani banks' resource base.

Compared with the beginning of the year, the total deposit base of banks rose by 6.7 percent, reaching 10.08 billion manat. The share of the deposit portfolio of banks in total liabilities amounted to 73.8 percent.

During the first nine months of the year deposits increased by 10.6 per cent and hit 4.556 billion manat.

During the reporting period, the amount of funds raised from non-resident banks and international financial institutions hit 2.448 billion manat. The volume of funds attracted from abroad, was at a satisfactory level, reaching 18 percent of total liabilities of the banks.

The positive trends continued in the structure of term deposits raised from the public. Time deposits increased by 286.5 million manat, while demand deposits increased 150 million manat during the reporting period. By late September, the share of term deposits in total deposits was 78.2 per cent.

During the reporting period, long-term deposits increased by 10.5 per cent to 36 per cent of total deposits. Deposits in national currency increased by 14.6 per cent to 2.616 billion manat, reaching 57 percent of total deposits.

In January-September, the volume of deposits of non-residents rose by 19.6 per cent and reached 10 percent of total deposits.

The official exchange rate on November 14 is 0,7848 AZN / USD.