Bank Of Baku

Banks’ efficiency in Azerbaijan is below the standard

Banks’ efficiency in Azerbaijan is below the standard
# 24 December 2010 11:23 (UTC +04:00)
Thus, the interest rate was AZN 870.4 mln, assets were AZN 12 768 mln.

At the same time, this index is accounted in accordance to the results of the year and it’s possible to expect increase of it. Because of, the incomes’ growth rate exceeds the assets’ growth rate.

In general, negative tendency on interest rate was observed in Azerbaijan. Thus, as of November 1, annual growth of banks’ interest rate made 0.95%, while it was 7.1% last year.
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