Capitalization of Azerbaijani banking sector ups by 2 percent

Business Materials 30 June 2010 17:20 (UTC +04:00)

Azerbaijan, Baku, June 30 / Trend N.Ismayilova /

Capitalization of the Azerbaijani banking sector increased by one percent and 2.1 percent compared in 2009 to 2046.67 million manat in May, the Azerbaijani Central Bank (CBA) said.

According to the CBA, as of late  May 2010, capital of 42 banks exceeded 10 million manat compared to 41 banks in May 2009. Weight of this category of banks in an aggregate amount of all banks' capital remained at the level of 98.3 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 0.8039 manat to $1 June 30.

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