Azerbaijan, Baku, 27 May / Trend, E. Aliyev /
On April 1, 2013, the capital adequacy of the banking sector in Azerbaijan exceeded the minimum limit (12 percent) set by the country's Central Bank, accounting for 16.8 percent, the Central Bank said in a public statement on the financial stability of the country.
According to the statement, in January-March 2013, the capital adequacy ratio of the first level increased by 0.8 percentage points to 13.8 percent, exceeding the norm by more than half (minimum capital adequacy norm of the first level is six percent).
"During the reporting period, strengthening of the banking system's capital base continued and the indicators of capital adequacy of the system were at an acceptable level," according to the statement.
In the first quarter of 2013, the total capital of banks increased by 3.9 percent, or 97.5 million manat amounting to 2.680 billion manat. According to the CBA, the main source of growth in total capital fell on authorized capital, the share of which amounted to 81 percent (81.6 percent in 2012).
The authorized capital of the banking system increased by two percent, or 43.3 million manat.
Total reserves increased by 4.3 percent, or 8.2 million manat.
Investment in shares (equities) and intangible assets of subsidiaries and other credit institutions amounted to 308.5 million manat (the figure was 302.6 million manat at the beginning of the year).
The official exchange rate on May 27 is 0.7846 AZN / USD.
