OREANDA-NEWS. January 06, 2010. The Central Bank of Azerbaijan has announced new record level of domestic commercial banks’ assets – USD 13.905 bn on exchange rate as of 1st December 2009 (AZN 0.8025 to the US dollar).

The CBA informs that as of 1st December 2009 banks’ assets reached AZN 11.159 bn against AZN 11.02 bn by 1st November 2009, AZN 10.27 bn by 1st January 2009 and AZN 9.904 bn by 1st December 2008.

Banks’ assets rose by 1.26% in December 2008 and year-on-year by 12.7%.

By the reported date depth of banking sector (ratio of banks’ assets to country’s GDP) totaled 37.6%. As of 1 December 2009, Azerbaijan’s GDP reached AZN 29.65 bn.