First-level capital adequacy in Azerbaijan banks more than double excess over norm
Azerbaijan, Baku, November 12 / Trend, N. Ismailova /
The indicators of capital adequacy of Azerbaijani banks are at a reasonable level, the Central Bank of Azerbaijan (CBA) stated in its financial stability report.
The combined capital of banks increased by 8.2 percent or 154.9 million manat in first 3 quarters of 201 up to 2.05 billion manat, an increase of 9.4 percent against the respective period of last year.
In the reported period, first-level capital increased by 11.1 percent up to 1.69 billion manat.
In January-September, shareholders' assets in banks of the country reached to 1.452 billion manat, up 9.8 percent from the 2010 period. As compared to the respective period of last year, the combined statutory capital of banks grew by 11.1 percent or 151.3 million manat. As compared to the beginning of the year, the share of the statutory capital in the combined capital increased from 72.7 percent to 73.8 percent.
Combined capital adequacy was 16.1 percent versus the minimum requirement of 12 percent while first-level capital adequacy was 13.2 percent versus the norm of 6 percent.
The official exchange rate on November 12 is 0.7866 AZN/USD.