BAKU, Azerbaijan, June 16. In the first quarter
of this year, Azerbaijan's net interest income from its securities
portfolio amounted to $234 million, which is 50% more compared to
the same period last year, Samir Nasirov, Director of the
Statistics Department of the Central Bank of Azerbaijan (CBA),
said, Trend's
correspondent reports from the event.
He made the remarks today during a briefing dedicated to the
release of the balance of payments.
"We have frequently noted that the outflow of portfolio
investments from the country—meaning the purchase of foreign
securities in the form of portfolio investments—would increase our
income in subsequent periods. In the first quarter of this year,
one of the most critical elements driving the surplus of the
primary income balance is the interest income generated from the
securities portfolio. During this period, our net interest income
from the securities portfolio reached $234 million. This is
approximately 50% higher compared to the same period last year," he
stated.
