Azerbaijan’s Banking System Capital Grew by 15%
OREANDA-NEWS. July 01, 2010. The Central Bank reports that this May overall capital of country’s banking system increased from USD 2.19 bn (rate: AZN 0.8031 to the US dollar) by early 2010 up to USD 2.546 bn (AZN 0.8036 to the US dollar).
The CBA informs that as of 1st June 2010 Azerbaijani banks’ overall capital totaled AZN 2.046 bn versus AZN 1.78 bn by 1st May, AZN 1.758 bn by 1st April, AZN 1.758 bn by 1st March, AZN 1.746 bn by 1st February and AZN 1.758 bn by 1st January 2010. As of 1st June 2009 it reached AZN 1.625 bn.
As a result, it rose by 14.7% this May, by 16.4% since early 2010, and by 25.9% year-on-year.
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