As of totals of three quarters of 2005, 7 banks of Azerbaijan hold aggregate capital down than the standard, against 19 fixed early 2005, the National Bank of Azerbaijan (NBA) told Trend.
Thus, only 7 banks have the amount of the aggregate capital in the amount of 17.5bn manats, each holding some 7% of entire aggregate capital of the local banks. As of 1 October
2004 such banks amounted to 27 banks (35.6%), and as 1 January 2005 - 19 banks (24.5%).
As of results of this period 13 banks had capital ranging from 17.5bn to 25bn manats with a share of 18.4% (6 (13.7%) and 10 (17.2%)), from 25bn to 50bn manats - 16 banks with a share of 33.1% (9 (38.8%) and 10 (27.7%)), up 50bn manats - 6 banks with the share of 41.5% (1 (18%) and 4 (30.6%)).
From 1 January 2006 the standard requirement will increased to $5m and at present it was fulfilled only by 22 banks with the 74.6% of share in total capital.