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Azerbaijanâ€™s banking sector sees ROE up in 2009

Azerbaijanâ€™s banking sector sees ROE up in 2009

08 February 2010 13:29 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of January 1, Return on Equity (ROE) ratio for Azerbaijan-based banks stood at 0.175 for 2009, compared to 0.170 a year ago, said the Central Bank of Azerbaijan.

According to statistics, the ratio is reached 0.237 in the first quarter of 2009, and declined gradually later.

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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