The FINANCIAL -- According to APA-Economics, as of January 1, the total capitals of Azerbaijan-based banks have surpassed AZN 1 billion, said Rufat Aslanli, Deputy Chair of the Board of the National bank of Azerbaijan.
He added that the banks’ capitalization is very rapid and capital adequacy averages out at 18%.
“The ratio showing credibility of a bank is 13-14% in some banks. This prompts them to boost capitalization for assets growth,” he noted.
There are 46 banks in Azerbaijan. The minimum requirement for capital adequacy is 12%.