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Azerbaijan-based banks ranked by capital adequacy

18 November 2008 10:34 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. APA-Economics provides ranking of Azerbaijan-based bank organizations for their various figures and financial performance in January-September.
The project aims to highlight banksâ€™ financial performance and update the public and potential investors. In the table below, bank organizations are ranked by capital adequacy in accordance with the available data as at October 1, 2008.
The capital adequacy is the percentage of a bankâ€™s total capital to its assets. It is the simplest way to find ballpark ratio on the basis of simple figures released by banks.
Although banks attempt to operate on the minimum capital, government regulators support regular increase in the capitalization. The capital adequacy shows general credibility of a bank.
This indicator allows depositors to assess the risk they may face.

Banks		Total capital/assets (%) (simple CAR)
1	Melli İran Bankı-Bakı	60,6
2	Pasha Bank	58,6
3	Kredo Bank	49,5
4	Birlik Bank	44,2
5	Azerbaijan Credit Bank	43,4
6	Deka Bank	41,3
7	Gandjabank	40,8
8	Bank Avrasiya	40,8
9	United Credit Bank	40,1
10	Gunaybank	40,1
11	NBCBank	39,8
12	Debut Bank	33,9
13	Atrabank	33,7
14	Amrahbank	33,6
15	Kafkaz Development Bank	31,6
16	Azer-Turk Bank	28,5
17	Azerbaijan Industry Bank	23,5
18	AccessBank	21,2
19	Turanbank	20,7
20	YapıKredi Bank Azerbaijan	20,3
21	Royal Bank of Baku	19,3
22	Parabank	18,9
23	Bank of Azerbaijan	18,7
24	Kapital Bank	17,6
25	Mughan Bank	16,3
26	Azerdemiryolbank	15,1
27	AtaBank	14,0
28	AGBank	13,8
29	Bank of Baku	13,8
30	UniBank	13,7
31	Technikabank	13,1
32	Bank Standard	13,0
33	Rabitabank	12,8
34	Xalg Bank	12,2
35	Zamin Bank	12,0
36	Bank Respublika	10,8
37	Nikoil Bank	8,9
38	International Bank of Azerbaijan	7,8

Only 38 of 45 banks operating in Azerbaijan are ranked in the table because others reject relations with media, declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.
By practice, capital adequacy is more appropriate in a range of 10% and 20% and this ratio is considered credible enough.