Capitalization of banking sector in Azerbaijan increases by 9 percent

Business Materials 10 June 2011 10:14 (UTC +04:00)

Azerbaijan, Baku, June 10 / Trend N.Ismayilova /

The capitalization of the banking sector in Azerbaijan increased by 0.3 percent in April and by 9.2 percent compared to April 2010, amounting to 2.213.2 billion manat, the Central Bank of Azerbaijan (CBA) said.

According to statistic data of the CBA, the number of banks with capital exceeding 10 million manat, hit 41 in April, decreasing by one bank compared to late 2010, and kept unchanged compared to March 2011. Share of this category of banks in the total amount of capital of all banks in the country in April, as in March and early year amounted to 98.9 percent.

Two banks' (with share of 0.9 percent) capital is formed in the range from 5 to 10 million manat, one bank (0.2 percent) - from 3.5 million to 5 million manat