Azerbaijan’s banking system sees ROA rise

Azerbaijan’s banking system sees ROA rise
# 05 May 2009 12:29 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of April 1, Return on Assets (ROA) stood at 3.3% for the first quarter in Azerbaijan’s banking sector, said the Central Bank of Azerbaijan.

The figure was 0.7 percentage points higher on a year ago and 1.1 percentage points on the 2008 ratio.

This gives us the ratio to find how much a bank derives from each amount of assets they control. This also displays how a bank is managed.

That is to say, banks derive 3.3 kopecks from each manat of assets.
By world practice, ROA is satisfactory in Azerbaijan’s banking sector.
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