Azerbaijan Joins First Model of Banking System with High Government Share in CIS
Azerbaijan, Baku. 6 June / corr. Trend I. Khalilova/ Azerbaijan has joined the first model of banking systems among the CIS countries, a system with high government capital. Such conclusion was made by Interfaks-EAC experts during the assessment of stability of the national financial systems of the CIS countries. The conclusion is that the banking systems, where the private banks with foreign capital play the main role, have a real firmness against the financial shocks.
According to studies, the banks with a higher government share exist in banking systems of Belarus (71.1%), Azerbaijan, (54.5%) and Uzbekistan and Turkmenistan (over 90%). The foreign banks dominate the bank systems of Georgia (21%) and Ukraine (27%). The foreign capital in Azerbaijan is also expanding and 21 banks out of 46 have foreign share. Only in Kazakhstan and Moldova, the largest banks are controlled by the national private capital.
The bank systems of Russia, Kazakhstan and Ukraine, combined together, make up the overwhelming majority of the CIS assets. The International Bank of Azerbaijan takes 60th place on the volume of assets, with a total volume of $3.076.2mln and own capital of $290.4mln as of 1 January 2008, among 1,000 CIS banks. The first place is held by the Russian Savings Bank with assets of $200.442.3mln and capital of $25.799.6mln.
In that list, Azerbaijan's Bank Standard is at the 178th position with its assets totalling $732.9mln and capital $86.1mln, UNIBank - 247th position with $460.9mln assets and $58.5mln capital, Xalq Bank - 248th position ($250.9mln and $58.3mln respectively), TexnikaBank - 315th position ($419.3mln and $43.6mln), Kapital Bank - 344th position ($295.1mln and $38.8mln), AzerdemiryolBank - 381st position ($176.9mln and $33.9mln), Bank Respublika - 422nd position ($299.6mln and $28mln), MFBA - 466th position ($138.3mln and $24.1mln), AGBank - 500th position ($188.8mln and $21.6mln), Bank of Baku - 502nd position ($176.5mln and $21.5mln), AtaBank - 571st position ($132.9mln and $17mln), NikoilBank - 593rd position ($138.5mln and $16.2mln), etc.
Azerbaijan's Xalq Bank, with its assets totalling 23.2% of its capital, took the 79th position amongst 100 most capitalized banks in the CIS whose assets exceed $100mln.
Amongst 100 most rapidly developing banks in the CIS whose assets exceed $100mln, UNIBank took 33rd position whose assets changed by 184.8% and capital by 188.6%, Xalq Bank - 34th position (by 183.9% and 463.9% respectively), TexnikaBank - 38th position (169.9% and 102.3%), Bank Standard - 45th position (148.1% and 232.7%), MFBA - 51st position (143.5% and 229%), Bank Respublika - 61st position (131% and 98.2%) and Bank of Baku - 84th position (110.8% and 39.4%).
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