Azernews.Az

Total assets of Azerbaijan's banking sector reached a new record in 2012, amounting to 16.821 billion manats as of December 1, compared to 16.309 billion manats as of November 1, the Central Bank of Azerbaijan (CBA) said in a report published on its website, according to Trend news agency.

A positive trend on banking assets was seen in 2012. The assets have increased by 20.6 percent since early 2012 and by 23.1 percent per annum (13.664 billion manat as of December 1, 2011).

Loans allocated to customers in the amount of 10.493 billion manat (annual growth of 17.9 percent), investments (1.436 billion manat, increasing by 13.24 percent) and the funds on correspondent accounts (1.08 billion manat increasing by 3.9 percent) form the basis of the assets of the banking sector (62.4 percent). Loans and deposits obtained from the financial sector amounted to 736.4 million manat (with an increase of 33.82 percent).

The deposits (7.428 billion manat) form the main share (44.16 percent) in the structure of liabilities, increasing by 19.17 percent compared to the same period of the previous year. Loans and deposits obtained from the financial sector accounted for 4.883 billion manat, increasing by 14.77 percent.

There are 43 banks operating in Azerbaijan.

The official exchange rate for January 8 is 0,7848 AZN / USD.