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Azerbaijan-based banks ranking by authorized capital/assets ratio

19 November 2008 10:04 (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.
The project aims to highlight banksâ€™ financial performance and update the public and potential investors. In the table below, in accordance with the available data as at October 1, 2008, banks are ranked in terms of authorized (share) capital/assets ratio, compared to the same period last year. This can be seen as a measure of the capital adequacy.

Banklar		Authorized capital /assets (%)
1	Pasha Bank	54,60
2	Melli İran Bankı Bakı	54,00
3	Kredo Bank	44,10
4	Gunaybank	40,76
5	Bank Avrasiya	39,14
6	Azerbaijan Credit Bank	39,11
7	Birlik Bank	37,87
8	NBCBank	36,32
9	United Credit Bank	36,13
10	Deka Bank	34,98
11	Gandjabank	33,85
12	Atrabank	30,59
13	Kafkaz Development Bank	30,09
14	Debut Bank	26,68
15	Azer-Turk Bank	23,79
16	Amrahbank	19,70
17	Turanbank	17,42
18	Azerbaijan Industry Bank	16,94
19	Royal Bank of Baku	16,83
20	Parabank	16,22
21	Khalg Bank	14,10
22	Bank of Azerbaijan	13,26
23	Mughan Bank	13,07
24	AtaBank	10,75
25	AccessBank	10,67
26	Zamin Bank	9,43
27	Rabitabank	8,28
28	Bank Standard	7,57
29	AGBank	6,90
30	Nikoil Bank	6,67
31	Technikabank	6,12
32	Azerdemiryolbank	5,91
33	YapıKredi Bank Azerbaijan	5,84
34	Kapital Bank	5,68
35	Bank Respublika	5,57
36	Bank of Baku	3,67
37	UniBank	3,21
38	International Bank of Azerbaijan	3,09

Only 38 of 45 banks operating in Azerbaijan are ranked in the table because others 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 around 10% and 20% and this ratio is considered credible enough. As seen in the table, 11 banks rank in this range.