Azerbaijan, Baku, Aug.10 / Trend, N. Ismayilova /
The indicators of the Azerbaijani banking sector's capital adequacy are at an acceptable level, report of the Central Bank of Azerbaijan (CBA) on financial stability says.
In the first half of the year, the total capital of banks increased by 4.5 percent, or 85.6 million manat, to 1.98 billion manat. Growth hit 10.2 percent for the year.
First-order capital increased by 10.1 percent.
Shareholder funds in the country's banks reached 1.45 billion manat, increasing by 6.6 percent in January-June. Compared to last year, the authorized capital increased by 12 percent, or 157.5 million manat. The share of authorized capital in the total capital increased from 71.7 percent to 73.1 percent compared to early 2011.
During the reporting period, the CBA started introducing a leverage ratio.
The adequacy of the sector's total capital was 16.8 per cent compared to the minimum norm of 12 percent.
The official exchange rate is 0.7865 manat to $1 on Aug.10.