OREANDA-NEWS. December 27, 2010. The Central Bank of Azerbaijan (CBA)  reports that this November overall capital of country’s banking system increased by 1.06%. CBA stated that 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 2.71 bn (AZN 0.8003 to the US dollar) by 1st December.

The CBA informs that as of 1st December 2010 Azerbaijani banks’ overall capital totaled AZN 2.17 bn. versus AZN 2.15 bn by 1st November,, AZN 2.13 bn. by 1st October, AZN 2.1 bn by 1st September, AZN 2.07 bn by 1st August, AZN 2.058 bn by 1st July, AZN 2.046 bn by 1st June, 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 a result, during the month it grew by 1.06% and since the beginning of the year by 23.7%.

As of 1st December no bank had equity capital of less than AZN 3.5 million, two banks less than AZN 5 million, five banks less than AZN 10 million and equity capital of 40 banks exceeded AZN 10 million.

Already on 1 December the CBA withdrew licenses from two banks which failed to meet equity capital requirement.