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Azerbaijanâ€™s banking sector sees low ROE

Azerbaijanâ€™s banking sector sees low ROE

03 February 2009 13:19 (UTC +04:00)

BakÄ±. Vahab Rzayev â€“ APA-Economics. As of January 1, Return on Equity (ROE) ratio for Azerbaijan-based banks declined 0.6 points year-on-year, to 17% on average, compared to 17.6% a year ago.
The National bank of Azerbaijan said the ratio gradually rose and fell through 2008. ROE measures a bankâ€™s efficiency at generating profits from every manat (national currency) of net assets (assets minus liabilities), and shows how well a company uses investment to generate earnings growth. Simple ROE is equal to a net income divided by total equity, expressed as a percentage.

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