Capitalization of Azerbaijani banking sector ups by over 3 percent

Business Materials 27 August 2010 13:23 (UTC +04:00)

Azerbaijan, Baku, Aug. 27 / Trend N.Ismayilova /

Capitalization of the Azerbaijani banking sector increased by 0.8 percent and 3.4 percent compared in 2009 to 2073.92 million manat in July, the Central Bank of Azerbaijan (CBA) said.

According to the CBA, as of July 2010, capital of 41 banks exceeded 10 million manat compared to 42 banks as of late July 2009. Weight of this category of banks in an aggregate amount of all banks' capital decreased from 98.4 percent to 97.8.

Three banks' capital (weight of 1.8 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 0.8037 manat to $1 Aug. 27.

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