Average statutory capital of Azeri banks grow up to 27.9bn manats

Business Materials 27 December 2005 13:53 (UTC +04:00)

On the results of November 2005 average statutory capital of the Azerbaijani banks grew from 27.3bn manats to 27.9bn manats against 23.9bn manats as of early 2005 and normative demand at $3.5m. Over November branch network of banks expanded 0.27%.

As of 1 December 43 banks had 377 branches against 376 as of 1 November and 350 branches of 44 banks as of 1 January 2005, the National bank of Azerbaijan told Trend.

Over November the total statutory capital of the banks grew from 1,173,9bn manats to 1,201,73bn manats or 2.37%, over 2005 the growth comprised only 14.3%. Over November the capital of 41 commercial banks increased from 1,033,9bn manats to 1,061,73bn manats. The capitals of the two state banks remained at 140bn manats. As of 1 December 2005 25,895bn manats fell to 1 private bank.

Over November the total of 17 banks with foreign share increased from 476.4bn manats to 482.13bn manats.