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Azerbaijan-based banks ranking by authorized capital/assets ratio

12 June 2009 07:50 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. APA-Economics provides rankings of Azerbaijan-based banks for their various figures and financial performance.
The project aims to highlight banksâ€™ financial performance and update the public and potential investors. In the table below, in accordance with the available data as at April 1, 2009, banks are ranked in terms of authorized (share) capital/assets ratio, compared to the same period last year. This can be seen as a simple measure of the capital adequacy.

Banklar		Authorized capital/assets (%)
1	Azfinansbank	94,67
2	Kovser Bank	59,49
3	Pasha Bank	48,12
4	Bank Avrasiya	42,81
5	Gunay Bank	38,10
6	Azerbaijan Credit Bank	37,26
7	United Credit Bank	37,15
8	NBCBank	33,62
9	Melli Iran Bank Baku Branch	33,35
10	Gandja Bank	33,19
11	Kafkaz Development Bank	31,24
12	Deka Bank	30,52
13	Atrabank	29,84
14	Debut Bank	28,56
15	Kredo Bank	27,55
16	YapıKredi Bank Azerbaijan	24,27
17	Azernaqliyyatbank	23,22
18	Azer-Turk Bank	22,47
19	Turan Bank	21,10
20	Amrahbank	20,87
21	Azerbaijan Industry Bank	20,86
22	Royal Bank	17,61
23	Mughan Bank	16,55
24	Para Bank	14,10
25	Xalg Bank	13,87
26	Bank of Azerbaijan	12,81
27	Bank Standard	11,97
28	Rabitabank	9,93
29	AtaBank	9,78
30	AccessBank	8,70
31	Zamin Bank	8,21
32	Nikoil Bank	7,78
33	AGBank	7,33
34	Kapital Bank	7,03
35	Azerdemiryolbank	6,29
36	Texnikabank	6,24
37	International Bank of Azerbaijan	5,86
38	Bank Respublika	5,85
39	Bank of Baku	4,09
40	UniBank	4,00

Only 40 of 46 banks operating in Azerbaijan are ranked in the table because others declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.
By practice, capital adequacy is more appropriate in a range of around 10% and 20% and this ratio is considered credible enough. As seen in the table, 12 banks rank in this range.