Azerbaijan, Baku, Dec. 27 / Trend N.Ismayilova /
The capitalization of the Azerbaijani banking sector reached 2.175.07 million manat in November, or 1.1 percent more than last month and 8.5 percent more than in early 2010, the Central Bank of Azerbaijan (CBA) reported.
According to the CBA, the number of banks with capital exceeding 10 million manat reached 40 by late November. The figure decreased by one bank compared to October and two banks- November 2009. The weight of these banks in the total capital of the market fell from 97.8 to 97.4 percent
Five banks (with a specific weight of 2.2 percent) have capital ranging from 5 million to 10 million manat. Two banks (0.4 percent) have capital ranging from 3.5 million to 5 million manat.
The official exchange rate is 0. 7985 manat to $1 Dec. 27.