As of January 1 of this year, the assets of the banking sector of Azerbaijan amounted to 47,054.9 million manats.
"APA-Economics" reports with reference to the Central Bank of Azerbaijan that this is 23.4% more than in 2021.
19,594.4 million manats of banks' assets were made up of loans given to clients.
In the last 1 year, the loan portfolio of the sector grew by 17.5%, while the share of loans in assets decreased from 43.2% to 41.5%.
During the reporting period, the liabilities of the banking sector increased by 24% to 41432.9 million manats, including the deposit portfolio increased by 25.3% to 33762.5 million manats.
Of this, 11,482.9 million manats are deposits of individuals, and 22,279.6 million manats are deposits of legal entities.
During the year, the funds of the population in banks increased by 26.6%, and the funds of companies in banks increased by 24%.
In the last year, the balance capital of the banking sector increased by 13.3% and amounted to 5622.0 million manats.