Bank Of Baku

Total bank capital rises by 7% in Azerbaijan

Total bank capital rises by 7% in Azerbaijan
# 03 September 2010 13:30 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of August 1, 2010, Azerbaijan-based commercial banks’ total capital stood at AZN 1 811.5 mln, up AZN 125.3 mln or 7.4% compared with a year ago.

Central Bank of Azerbaijan says that growth rate of total capital slipped sharply. So that the annual growth rate of index on total capital made 32.5%. This index was 48.6% in 2008.

So, banks conducted the growth of capitalization faintly in 2010.
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