Azerbaijan, Baku, April 13 / Trend N. Ismayilova /
The level of capital adequacy of Azerbaijani banks hits 19-20 percent compared to a standard of 12 percent, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said today.
"Stress tests conducted by CBA showed that the banking sector is at a fairly steady level. The banking sector has a level of capital adequacy, exceeding the standards of the CBA by about eight percent", Rustamov said.
He said that today business - organizations have unpaid debts to Azerbaijani banks, which affects the quality of their loan portfolios negatively.
Rustamov said that one of the positive trends of the banking market in the country is a significant reduction in interest rates, as well as dynamic growth of this index, as public deposits.