Bank assets-GDP ratio relatively declines in Azerbaijan

Bank assets-GDP ratio relatively declines in Azerbaijan
# 25 December 2008 08:55 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, the bank assets-GDP ratio stood at 28.5% in Azerbaijan million, down 1.1% on a year ago and 2.1% on a month ago. .
The National Bank of Azerbaijan said the bank assets-GDP ratio reached 26.7% at 2007-yearend.
The ratio demonstrates a declining trend as GDP growth rate exceeds assets growth rate.
It is noteworthy to compare that this ratio is 80-85% in Kazakhstan, 45-50% in Russia, 35-37% in Ukraine and bank assets are almost twice as high as GDP in most advanced economies.
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