Azerbaijan’s banking system sees ROA low

Azerbaijan’s banking system sees ROA low
# 05 December 2008 12:54 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, Return on Assets (ROA) stood at 4.1% for January-October in Azerbaijan’s banking sector, said the National Bank of Azerbaijan.
The figure was 4.2% at the end of 2007 and 4% at the end of 2006.
This gives us the ratio to find how much a bank derives from each amount of assets they control. This also displays how a bank is managed.
That is to say, banks derive 0.41 manat from each manat of assets.
By world practice, ROA is very low in Azerbaijan’s banking sector.
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