OREANDA-NEWS.  The Central Bank of Azerbaijan has announced a record growth of the domestic banking system assets.

The CBA reports that as of 1 January 2013 banks’ assets soared to a new absolute record of AZN 17.6 bn from AZN 16.8 bn on 1 December 2012.

Assets of the banking system for 2012 grew by AZN 3.38 bn or 23.7%.

Azerbaijan’s GDP for the last year amounted to AZN 53.995 bn, and the depth of the banking sector by the end of 2012 reached 32.7%.