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Azerbaijan-based banks ranking by authorized capital/assets

15 September 2009 11:23 (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.

Banks		Authorized capital/assets
1	Kovser Bank	58,25
2	Bank Avrasiya	41,55
3	Pasha Bank	40,49
4	Azerbaijan Credit Bank	37,03
5	Gandja Bank	36,91
6	United Credit Bank	36,48
7	Gunay Bank	34,35
8	Birlik Bank	31,75
9	Melli Iran Bank - Baku	31,50
10	Kafkaz Development Bank	30,87
11	NBCBank	30,52
12	Atrabank	30,40
13	Deka Bank	30,05
14	Debut Bank	29,33
15	Kredo Bank	25,76
16	Azer-Turk Bank	21,26
17	Turan Bank	20,83
18	Amrahbank	20,33
19	Azerbaijan Industry Bank	20,07
20	YapıKredi Bank Azerbaijan	18,02
21	Royal Bank	15,88
22	Azerneqliyyatbank	15,47
23	Mugan Bank	15,47
24	Xalg Bank	13,53
25	Para Bank	13,45
26	Bank Standard	12,33
27	UniBank	12,31
28	Bank of Azerbaijan	11,79
29	Rabitabank	10,22
30	AtaBank	8,50
31	AccessBank	8,22
32	Nikoil Bank	8,04
33	Zamin Bank	7,45
34	AGBank	7,13
35	Kapital Bank	6,73
36	Azerdemiryolbank	6,22
37	Texnika Bank	5,80
38	Bank Respublika	5,72
39	International Bank of Azerbaijan	5,70
40	Bank of Baku	4,04

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, 11 banks rank in this range.