Azerbaijan, Baku, June 7 / Trend I. Khalilova /
The adequacy of the aggregate capital of the Azerbaijani banking system in the first quarter of 2010 amounted to 17,3 percent, exceeding the minimum standards of the Central Bank of Azerbaijan (CBA), which was estimated at 12 percent, a report said.
At the same time, the adequacy of capital of the first level amounted to 14.8 percent, exceeding the standards more than twice.
"Thus, the actual level of the indicator of capital adequacy on the system indicates that banks have a substantial buffer of capital reserves", a report said.
The total capital of the Azerbaijani banking system in the first quarter remained unchanged. But it increased by 13 percent - up to 1.758 billion manat on an annualized basis. The main source for maintaining the stability of capital is funds of shareholders. The authorized capital of banks increased by 4.6 percent (54 million manat), accounting for 68.2 percent of total capital compared to early 2010.
Structure and dynamics of the aggregate capital of the banking system:
|
Million manat |
01.04.2009 |
01.01.2010 |
01.04.2010 |
|
Capital of the first level |
1271,3 |
1285,5 |
1500,7 |
|
Authorized capital |
997 |
1144,6 |
1198,2 |
|
Additional funds from emission of shares |
32,3 |
20,7 |
20,7 |
|
Undivided net profit |
257,1 |
138,8 |
302,8 |
|
Capital of the second level |
334,3 |
530,9 |
316,9 |
|
Profit of the current year |
87,1 |
269,6 |
57,4 |
|
Total reserves |
100,7 |
122,8 |
125,6 |
|
Other finds of capital |
146,5 |
138,6 |
133,9 |
|
Deductions from total capital |
47,4 |
57 |
59 |
|
Total capital after deductions |
1557,6 |
1758,9 |
1758 |