Azerbaijan, Baku, Feb. 18 / Trend, I. Khalilova /
Capital adequacy indices of the Azerbaijani banking sector exceeded the minimum limit (12 percent) set by the Central Bank, amounting to 16.8 percent as of January 1, 2013, the Central Bank's report on financial stability said today.
In 2012, the capital adequacy index of the first level increased from 1.2 percent to 12.9 percent, exceeding the norm by more than half (the minimum capital adequacy rate of the first level is 6 percent).
"The capital base of the banking system was strengthened during the reporting period," the report said. "The capital adequacy indices were at an acceptable level."
The total capital of banks increased by 36.4 percent (or 686.9 million Manat) and hit 2.573 million Manat in 2012. According to the CBA report, the CBA was the main source of increasing the aggregate capital was the authorized capital. Its share hit 81.6 percent (the figure was 82.6 percent in early 2012)
The authorized capital of the banking system increased by 34.7 percent (or by 540.8 million Manat). Total reserves increased by 19.8 percent (31.5 million Manat).
The investments in shares and intangible assets of subsidiaries and other credit institutions totaled 302.6 million (the figure was 151.5 million manat in 2011).
The official exchange rate is 0.7847 AZN/USD on Feb. 18.
