1999 1998 Correspondent accounts of local commercial banks 2,278,048 855,147
1999
1998
Correspondent accounts of local commercial banks
2,278,048
855,147
Interest is paid only on daily balances of correspondent accounts that exceed certain amounts at rates ranging between 2% and 11% p.a.
Note 1 Principal Activities Note 2 Basis of Presentation Note 3 Significant Accounting Policies Note 4 Cash and short-term Funds Note 5 Loans and Advances to Banks Note 6 Loans and Advances to Customers Note 7 Other Assets Note 8 Premises and Equipment Note 9 Due to Banks Note 10 Customer Accounts Note 11 Other Borrowed Funds Note 12 Other Liabilities Note 13 Paid-in Capital Note 14 Retained earnings / Accumulated Deficit Note 15 Fees and Commission Income Note 16 Fees and Commission Expense Note 17 General, Administrative and Other Operating Expenses Note 18 Taxation Note 19 Dividends Note 20 Asset and Liability Concentration Note 21 Risk Management Note 22 Commitments and Contingent Liabilities Note 23 Reconciliation of Azeri Accounting Rules to International Accounting Standards Note 24 Related Party Transactions
