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Bank capitalization grew on 7%

Business Materials 22 April 2006 13:45 (UTC +04:00)

The total amount of bank` s founding capital grew on 7% during the first part of 2006. There is an obvious increase of the capital growth in the banking sector, the National Bank ruling chairman, Elman Rustamov told Trend.

According to the NBA schedule, by July 1, 2006, all founding capitals should reach 6.400m AZM and by January 2007 8. 200m AZM. Minimal size of the total capital of each bank should be 10m AZM in the course of the 2 years.

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