Debts of banks sharply increased in Azerbaijan

  13 November 2015    Read: 1183
Debts of banks sharply increased in Azerbaijan
8,2 % or 317,544 million Manats of the financial requirements of the Central Bank of Azerbaijan Republic (CBAR) to the commercial banks falls into the share of only 7 banks.
AzVision.az reports citing the bank reports, these are Bank of Baku, Bank VTB (Azerbaijan), Kapital Bank, Caucasus Development Bank, Turanbank, Silk Way Bank OJSC and Accessbank CJSC.

Under the balance sheets of the banks, the financial requirements of the CBAR to Bank of Baku were 40 million Manats in October, 1 of this year, 10 million Manats to Bank VTB (Azerbaijan), 103,7 million Manats to Kapital Bank, 60 million Manats to Caucasus Development Bank, 63 million Manats to Turanbank, 10 million Manats to Accessbank and 31 million Manats to Silk Way Bank.

The CBAR has no financial requirements towards Pashabank, AFB Bank, Azerbaijan Industrial Bank OJSC.

The report of the CBAR states, total financial requirements of the CBAR for the banks were 3 859,6 million Manats to October 1, 2015. This indicator is 2,6 times more than the beginning of the year and 2 times than in March 1 (after devaluation).

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