Bank Of Baku

Azerbaijan-based banks get 62% rise in total capital

Azerbaijan-based banks get 62% rise in total capital
# 04 November 2008 16:41 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, Azerbaijan-based banks’ total capital stood at AZN 1 556.6 million, up 62.2% on the same period last year and 41.8% on early this year.
The National Bank of Azerbaijan said there is a decline in capital-liabilities ratio that fell to 15.7% now from 16.49% last year.
The declining ratio shows a fall in the banks’ financial sustainability. Fortunately, the decline is slight.
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