Share of uncapitalised banks in the total capitalization of the system dropped to 0.2 %
BAKU/14.01.14/TURAN : Aggregate capital of two of the 43 banks in Azerbaijan by the end of November 2013 did not meet the minimum requirements of 10 million manat.
According to the Central Bank of Azerbaijan ( CBA) in the reporting month , there were two banks with total capital of 3.5-5 million manat, and their share in the total capitalization of the banking system as compared to the previous month dreamed by 0.1 percentage points to 0.2 %. Over the month, the country got rid of banks with capital of less than 3.5 million and in the range of 5-10 million manat.
Number of banks with total capital of over 10 million manat in November remained at 41. Their share in total capital was equal to 99.8% against 99.7 % in October.
The minimum requirement for the size of the total capital of banks from July 2007 is 10 million manat. According to the CBA's decision to January 1, 2014 , this figure had to be 50 million manat, but this term for reasons of preserving financial stability was delayed for a year. - 15B -
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