Azerbaijani Banks’ Overall Capital Topped USD 2.05 bn First Time
OREANDA-NEWS. July 20, 2009. As of 1st July 2009 overall capital of domestic banks reached USD 2.053 bn in accord with the exchange rate (AZN 0.8042 to the US dollar) by the reported date versus USD 2.022 bn by 1st June (AZN 0.8035 to the US dollar), USD 1.97 bn as of 1st May, USD 1.947 bn as of 1 April, USD 1.947 bn as of 1st March, USD 1,880.7 million as of 1st February 2009 (AZN 0.8067 to the US dollar), and USD 1.86 bn following 2008 (AZN 0.801 to the US dollar).
The Central Bank of Azerbaijan informs that by 1st July of the year banks’ overall capital totaled AZN 1.65 bn versus AZN 1.625 bn as of 1st June, AZN 1.58 bn as of 1st May, AZN 1.557 bn as of 1st April, AZN 1.567 bn by 1st March, AZN 1.517 bn by 1st February, AZN 1.491.7 million by 1st January of 2009 and AZN 1.249 bn by 1st July 2008.
In June 2009 overall capital rose by 1.61% versus May’s growth of 2.6%, April’s growth of 1.7%, March’s fall of 0.7%, February’s growth of 3.3%, January’s rise of 1.71%. Since early year the growth reached 10.7% and 32.2% year-on-year (versus the figure by 1st July 2008).