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Azerbaijanâ€™s banking sector sees ROE soaring

Azerbaijanâ€™s banking sector sees ROE soaring

06 May 2009 15:43 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of April 1, Return on Equity (ROE) ratio for Azerbaijan-based banks increased 0.036 points year-on-year, to 0.237% on average for the first quarter, said the Central Bank of Azerbaijan.

According to statistics, the ratio rose by 0.067 points during the first quarter.

ROE measures a bankâ€™s efficiency at generating profits from every manat (national currency) of net assets (assets minus liabilities), and shows how well a company uses investment to generate earnings growth. Simple ROE is equal to a net income divided by total equity, expressed as a percentage.

Increasing ROE indicates improvement in commercial banksâ€™ capital efficiency.

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