Bank Of Baku

Bank assets/non-oil GDP ratio makes 72% in Azerbaijan

Bank assets/non-oil GDP ratio makes 72% in Azerbaijan
# 04 February 2011 10:53 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, Azerbaijan-based banks’ total assets/annual GDP ratio made 32%. According to APA-Economics, this index has decreased by 6.4 percentage points since early of 2010.

At the same time, this index is lower in Azerbaijan, than in developing countries. Note that, assets/GDP ratio is over 100% in developed countries. This index is 55-60% in developing countries.

But in Azerbaijan, calculations show that assets/non-oil GDP makes 72.1%.
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