In 2023, the International Bank of Azerbaijan (IBA) reduced the
share of US government bonds in its investment portfolio, opting
instead for local bonds, Azernews reports citing
based on the bank’s individual audit report.
At the beginning of 2023, the volume of US Treasury bills in the
portfolio stood at 1 billion manats. By the end of the year, this
figure had decreased to 11.37 million manats.
In contrast, the bank increased its holdings of state bonds
issued by the Ministry of Finance of Azerbaijan. The value of this
portfolio rose from 859.67 million manats at the beginning of the
year to 1 billion manats and 182.27 million manats by year-end.
The total volume of the bank’s investment securities portfolio
decreased by 24.5 percent over the last year, amounting to 2
billion and 7 million manats.
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