The Central Bank of Azerbaijan, who published a report on activities for 2011, has reported the low profitability of asset management.
According to the CBA annual report for 2011, yield of management of its foreign exchange reserves made up 0.57%. CBA’s assets under management totaled $10.535 bn, including 3% of them under the control of managers. Bank’s foreign exchange assets increased by $4.07 bn (+63.6%) up to $10.48 bn.
Last year, the CBA conducted sterilization of $4.15 bn./abc.az/