OREANDA-NEWS. June 05, 2009. In April 2009 Azerbaijani banks’ net foreign assets (NFA) grew by 0.9% versus decline of 15.8% in March, 7.5% in February, growth of 1.5% in January 2009, 13.88% in December 2008 and 40.55% for 2008.

For Jan-Apr 2009 NFA declined by 20.3% since early 2009 and by 25.4% against the indicator by 1st May 2008.

By 1st May sector’s NFA totaled AZN 3,217.4 million versus AZN 3,189.1 million by 1st April, AZN 3.787 bn by 1st March, AZN 4.09 bn by 1st February 2009, AZN 4.036 bn by 1st January 2009 and AZN 4.3 bn by 1st May 2008.

NFA of the Central Bank (CB) of Azerbaijan reached AZN 4,105.7 million versus AZN 4,132.6 million, AZN 4.754 bn, AZN 5.07 bn, AZN 5.115 bn and AZN 4,562.8 million respectively and commercial banks’ NFA – (-AZN 888.3 million) versus (-AZN 806.8 million), (-774.3 million), (-AZN 770.8 million), (-AZN 868.8 million) and (-AZN 261 million) respectively.

In 2008 this highest NFA was registered by 1st May (AZN 4.315 bn), when NB’s NFA reached AZN 4.56 bn and commercial banks’ NFA (-AZN 18 million).

By 1st May CB had only AZN 4,165.6 million of overall foreign assets with AZN 58 million of foreign liabilities while commercial banks had AZN 1,142.8 million of foreign assets with AZN 1,938.1 million of foreign liabilities. CB’s foreign assets reached their maximal level in end-2008 (AZN 5,180.2 million) and commercial bank’s foreign assets – by 1st November 2008 (AZN 1,542.9 million).

As of 1st May of the year net domestic assets (NDA) amounted AZN 3,285.2 million versus AZN 3,208.5 million by 1st April, AZN 3.54 bn by 1st March, AZN 3.9 bn by 1st February, AZN 4.458 bn by January of the year, and AZN 2.23 bn by 1st May 2008. At the same time, by the reported date CB’s NDA totaled (-AZN 363.4 million) and commercial banks’ NDA – AZN 4,354.2 million.

By 1st May 2009 exchange rate was AZN 0.8035 to the US dollar.