Over half of capital of banks with foreign participation in Azerbaijan falls to 100-percent subsidiaries of foreign banks
Azerbaijan, Baku, Aug. 10 / Trend A.Akhundov /
Five banks with 100-percent foreign capital account for 55.3 percent of capital of all banks with foreign participation operating in Azerbaijan, a report of the Central Bank of Azerbaijan (CBA) on financial stability following first half-year said.
As of end of the first-half 2011, this figure was 53.1 percent.
In general, today the country has 23 banks with foreign capital. Some 8.5 percent of capital of these banks are provided by eight banks, where the equity participation of foreign capital stands at 10 percent.
The six banks with foreign equity participation from 20 to 50 percent account for 18 percent of the capital, four banks with equity participation from 50 to 100 percent - 17.2 percent.
There are 43 banks in Azerbaijan.