Baku: Azerbaijan's net foreign financial assets saw an increase of $3.3 billion over the first six months of the year. This development was reported by APA-Economics, which cited the Central Bank of Azerbaijan as the source.

According to Azeri-Press News Agency, the increase in net foreign financial assets was primarily driven by direct investments abroad, totaling $4.3 billion. However, there were decreases noted in portfolio investments and other investments, which saw reductions of $0.3 billion and $0.7 billion, respectively.

During the same reporting period, Azerbaijan's net foreign financial liabilities grew by $0.3 billion. This growth was attributed to foreign direct investments in the country, which saw a decline of $0.1 billion, an oil bonus of $0.4 million, a decrease in portfolio investments by $2 billion, and an increase in other investments by $2.4 billion.

A significant decrease was observed in net foreign financial assets related to credits and loans, which fell by $8.3 million. Conversely, net foreign financial liabilities in this category surged by $2.5 billion. This increase was largely due to a $0.2 billion rise in banking sector liabilities, a $0.1 billion increase in corporate loans, and a $2.5 billion increase in loans related to the oil and gas sector. Meanwhile, liabilities on government loans saw a decrease of $0.2 billion, and government-guaranteed loans fell by $0.1 billion.

Additionally, net foreign financial assets linked to deposits and cash currency decreased by $1.3 billion, while net foreign financial liabilities in the same area decreased by $78.5 million.