Today.Az » Business » Overall assets of Azerbaijani banks make AZN 7.67 bln
30 May 2008 [17:39] - Today.Az
The assets of Azerbaijan's banking sector have risen by 79.9% since May 1 of 2007, said a source from the National bank of Azerbaijan.
It is reported that from January until May 1 of 2008 the assets of the banking sector have risen by 14.7%.
As of May 1 the overall volume of assets of country's banks made AZN 7,672,2 mln ($9,265.9 mln). By January 1 of 2008 they made AZN 6,725.7 mln and by May 1 of 2007 AZN 4,263.7 mln, while as of April 1 of 2008 made AZN 7,415.8 mln.
At the same time the assets growth rates exceeded the growth rates of the banks capitalization.
Since May 1 of 2007 the overall capital of the banks (despite appearance of two new credit establishments) has risen by 61.7% and since January 1 of 2008 by 13.6%.
As of May 1 of 2008 the overall capital of the banks made AZN 1,146 mln, which is up 14.9% from the level of assets", says the declaration.
As of January 1 of 2008 capitalization of 46 banks of Azerbaijan made AZN 1,009.1 mln, by May 1 of 2007 AZN 708.1 mln and by April 1 of 2008 AZN 1,107.4 mln.
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