Azerbaijani banks' leverage exceeds Central Bank's minimum requirement

Azerbaijan, Baku, November 12 / Trend, I. Khalilova /

The leverage of the bank system of Azerbaijan exceeded, following the results of the third quarter, the Central Bank of Azerbaijan-specified minimum requirement of 8 percent as it reached to 10.9 percent, the CBA stated in a financial stability report.
The CBA has been applying the new leverage coefficient since February 2011.
"This indicator was equivalent to 11.5 percent in the beginning of the second quarter and 10.9 percent on October 1," the report said.

As the new coefficient has been introduced, banks will be obliged to observe capital/assets ratio.
Leverage coefficient is designed to restrain a strong growth of banks.

"This is a very efficient instrument from the point of restraint of growth of banks having no sufficient capital," CBA Director General Rashad Orujov told Trend earlier.
Similar practice had been applied in the bank sector of Azerbaijan but the validity of leverage with the six-percent coefficient was suspended in 2003.

The CBA this year restored the validity of leverage norm, this time in a stricter form as it is calculated proceeding, apart from balance assets, from non-balance assets, and has its coefficient increased from 6 percent to 8 percent.
CBA key goal in the introduction of leverage norm is the provision of capital, liquidity, and credit risks management at a safe level. This will push banks toward capitalization.

In terms of capital adequacy, banks in 3 quarters of 2011 exceeded the CBA-established minimum requirement of 12 percent of the combined capital and 6 percent of the first-level capital, up to 16.1 percent and 13.2 percent, correspondingly, on October 1, 2011.

In January-September, the combined capital of the banking system increased by 8.2 percent or 154.9 million manat up to 2,052 million manat, up 9.4 percent from the same period of last year.

In first 9 months of the year, the combined assets of banks increased by 9.9 percent or 1,217.1 million manat up to 13,567.6 million manat.
There are 44 banks operational in Azerbaijan.

The official exchange rate on November 12 is 0.7866 AZN/USD.

Turkey reveals 2M2021 data on ships received at Istanbul port
Turkey reveals 2M2021 data on ships received at Istanbul port
China's 1Q2021 import of Turkish electrical goods up in value
China's 1Q2021 import of Turkish electrical goods up in value
China's March trade surplus with United States at $21.37 billion
China's March trade surplus with United States at $21.37 billion
Loading Bars
Azerbaijani currency rates for Apr.13
Azerbaijani President Ilham Aliyev addressing conference at ADA University - LIVE
Turkey reveals 2M2021 data on ships received at Istanbul port
Transit of goods through Iran declines
China's 1Q2021 import of Turkish electrical goods up in value
Italian senator talks Azerbaijan's role in ensuring energy security of Europe
China's March trade surplus with United States at $21.37 billion
Oil prices climb on robust China data, Mideast tension
Outflow of job seekers from Turkey to Georgia surges
Iran says fuel trading at its energy exchange going smoothly
Japan's Osaka to report over 1,000 new coronavirus cases on Tuesday
Azerbaijani parliament speaker, Italian official discuss development of co-op
Soldiers were unprepared for war with Azerbaijan - ex-secretary of Armenian Security Council
China exports rise at robust pace in March, imports growth highest in four years
UN chief calls for 6 measures to finance recovery from COVID-19
Tehran to resume flights to London next month - Official
Slovak businessmen investing in infrastructure projects in Georgia's Tbilisi, Bakuriani
2,016 COVID-19 cases reported in Kazakhstan in past 24 hrs
Georgia to receive $111 million from IMF
Turkey’s current account gap widens to $2.6 billion in February
Credit Suisse cuts bonuses following Archegos loss
China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group
Azerbaijani population’s demand for "Anti-Coronavirus" insurance product growing - Ateshgah Hayat
India approves Russia's Sputnik V COVID-19 vaccine
Turkey registers more than 54 560 new coronavirus cases
Yuri Gagarin image lights up Dubai’s Burj Khalifa
Korean battery makers rally after battery dispute settlement
Inventory of basic goods in Iran's ports increase
Eni Turkmenistan Ltd opens tender for provision of directional drilling services
Azerbaijan's Nakhchivan records industrial production value growth in 1Q2021
Azerbaijan's housing agency talks further plans on building residential complexes
Georgia not to cut economic growth forecast - Minister of Economy
Russia restricts air service with Turkey from April 15 to June 1
Iran, Afghanistan discuss bilateral ties, latest developments
Georgia faces third coronavirus wave - NCDC
Turkey welcomes Ramadan with tight measures against COVID-19
Operator of Kazakh Kashagan to hold open round-table on Marine Access Channels Project
Nvidia to directly challenge Intel with Arm-based 'Grace' server chip
New oil drilling platform activated in Turkmen sector of Caspian Sea
War Trophy Park to open for visitors in Azerbaijan’s Baku soon
Azerbaijani, Maldives FMs hold exchange views issues mutual interest
Uzbekistan discloses progress on construction of new plant of Navoiazot company
Azerbaijani FM receives delegation of Italian Senate (PHOTO)
Azerbaijan’s Baku Metro introduces solution for automatic supply of voltage to trains (PHOTO)
Several audit companies in Azerbaijan included in network of int’l organizations
Current interest rate in Azerbaijan to improve position of local capital market - Unicapital
International IT Holding of Belarus implementing big transport project in Azerbaijan
Russia's Red Wings may launch flights from Yekaterinburg, Chelyabinsk to Uzbekistan
Iran's Energy Exchange announces products to be on sale on April 13
Bahar Azadi gold coin price rebounds in Iran
Uzbekistan increases export volume of clothing to Kazakhstan
Iran's Natanz nuclear facility continues to operate – AEOI
UAE reports 1,928 new COVID-19 cases, two deaths
Russia allows import of tomatoes to several Azerbaijani enterprises
Israel's fiscal deficit narrows as economy begins recovery
IMF makes prediction regarding Georgian external debt
UK, EU talks on Northern Ireland are constructive, differences remain
Georgian E-Space actively cooperating with car dealers to bring new electric vehicles
Russia, Uzbekistan approve text of space co-op agreement
Uzbekistan joins CIS industrial agreement
Uzbekistan, Kuwait launching direct flights
Georgia's external debt up due to COVID-19 shock - IMF
Azerbaijan's CBA signs contract to acquire licenses for cybersecurity
Uzbekistan’s centers of public services improve work on basis of Azerbaijan's ASAN
Iran's LPG exports decreases
USDA unveils forecast for Azerbaijan's barley production
Russian Technonikol looks to build thermal insulation plants in Kazakh Almaty region
Indian-American, 5, Reads 36 Books Nonstop In 105 Minutes, Sets Record
Weekly review of Georgian's capital markets
Georgian Inert Materials Complex company investing in extraction of gravel materials
Nar’s renovates its service centers in Baku and regions (PHOTO)
India becomes largest buyer of US crude in first quarter of 2021
Turkmenistan's Mary region opens tender for construction of schools
Iran implements its plan on domestic production in full - deputy minister
Azerbaijan publishes latest data on COVID-vaccinated citizens
Investments in Kazakhstan's agriculture surge
Several international companies express interest in Georgian FDI Grant
Minister discloses amount of export of Azerbaijan’s non-oil products
Iran tightens restrictions for travelers on borders with Turkey, Iraq
Azerbaijan confirms 1,151 more COVID-19 cases, 1,052 recoveries
Georgia to place new Eurobonds
Iran looks to set up advanced centrifuges at Natanz nuclear plant
Kazakhstan increases exports to UK
Iran Oil Ministry to fund startups
Iran unveils generation capacity of thermal power plants
Azerbaijan temporarily bans import of poultry meat from several countries
Georgia shares data on revenues from tobacco excise duty
S.Korean PM, Iranian Supreme Leader's Advisor discuss frozen Iranian funds
Kazakhstan, Belarus trade surges
Potato, onion planting completed in Dashoguz region of Turkmenistan
Iran's TEDPIX sees decline
Swiss government urges voters to back COVID-19 law that foes want to ditch
Kazakhstan exceeds plan on petroleum products output
High-voltage substation with digital control system to be built in Uzbek Jizzakh region
Azerbaijani president signs order to set up new enterprises in Balakhani Industrial Park
Revenues of Azerbaijan's Nakhchivan from communication services increase
Turkish Aksa Enerji building thermal power plants in Uzbek Tashkent region
Maersk Explorer completes drilling activities for Shah Deniz
Unicorns of 2021: Gupshup, ShareChat latest entrant to $1B club; total number rises to 10
In a first, surgery restores 'right' music to man's ear
All news