CBA noted that the country has a bank with combined capital less than 3.5 million manat
The total capital of four of the 44 banks in Azerbaijan on the basis of June 2012 did not meet the minimum requirement of 10 million manat.
According to the Central Bank of Azerbaijan (CBA), in the reported month, with a total capital in the range 5-10 million manat there were two banks, and their share in the total capitalization of the banking system equaled 0.8%. Only one bank's capital was in the range 3.5-5 million manat. For the first time in the last 22 months, the central bank noted the presence in the country of a bank with a capital of less than 3.5 million manat.
The number of banks with a combined capital of more than 10 million manat decreased 2 units to 40 in June. Their share in the total capital is equal to 99%.
The minimum requirement for the size of the total capital of banks has been 10 million manat since July 2007. According to the recent decision of the CBA, on January 1, 2014 this figure will reach 50 million manat. -15B -
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review