Bank Of Baku

Bank assets/non-oil GDP ratio makes 82% in Azerbaijan

Bank assets/non-oil GDP ratio makes 82% in Azerbaijan
# 13 January 2011 12:35 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, 2010, the bank assets / Gross Domestic Products ratio made 34.7%, as a year ago.

At the same time, this index is lower than world, including developing countries. Note that, bank assets/GDP ratio is over 100%, in the world. In several countries, bank assets exceed the GDP by 2-3 times. This index is 55-60% in developing countries.

Note that, the oil sector of the country does not participate in the formation of banking system’s assets. Thus, bank assets/non-oil GDP ratio makes 82% and this is a comparing index with the several leading countries.
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