Capitalization of Azerbaijani banking sector ups by 2percent
Azerbaijan, Baku, May 26 / Trend N.Ismayilova /
Capitalization of the Azerbaijani banking sector increased by 1.6 percent and 1.1 percent compared in 2009 to 2026.71 million manat, the Azerbaijani Central Bank (CBA) said.
According to the CBA, as of late April 2010, capital of 42 banks exceeded 10 million manat compared to 41 banks in April 2009. Weight of this category of banks in an aggregate amount of all banks' capital remained at the level of 93.3 percent.
Three banks' capital (weight of 1.3 percent) was formed from 5 million manat to 10 million manat. But one bank (0.2 percent) paid it from 3.5 million manat to 5 million manat and one bank (0.2 percent) paid it to 3.5 million.
The official exchange rate is 0.8036 manat to $1 May 26.
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