Azerbaijan, Baku, September 9 /Trend, E.Aliyev/
The capital of Azerbaijani banks continued to rise in January-July 2013, although the banking sector still includes some banks that do not meet the minimum regulatory capital requirements of 10 million manat, according to the published statistical report of the Azerbaijani Central Bank (CBA).
During the reporting period, capitalisation of the banking sector in Azerbaijan increased by 32.11 per cent in relation to the same period of 2012 amounting to 2.997 billion manat on August 1.
According to the CBA, the number of banks with capital exceeding 10 million manat was 41 during the reporting period, while in January-July of last year the number was 39. The share of these banks in the total capital of all banks in the country stood at 99.7 per cent by the end of the reporting period.
During the reporting period there were no banks with capital ranging from five million manat to 10 million manat, whereas two such banks were present on the country's banking market in July last year. There were two banks with a capital of 3.5 million manat to five million manat by the end of the reporting period.
The share of these banks in the total capital of all banks in the country by the end of the reporting period amounted to 0.3 per cent.
There are 43 banks in Azerbaijan.
Official exchange rate on September 9 is 0.7844 AZN/USD.