Bank Of Baku

Azerbaijan-based banks get 52% rise in total capital

Azerbaijan-based banks get 52% rise in total capital
# 20 November 2008 13:53 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, Azerbaijan-based banks’ total capital stood at AZN 1 410.5 million, up 52.1% on the same period last year and 39.8% on early this year, said the National Bank of Azerbaijan.
The annual growth in total capital was 67.4% in 2007.
The minimum requirements for the total capital was set at AZN 10 million by the central bank on July 1, 2007
41 of 45 banks met the total capital minimum requirements as of October 1.
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