Azernews.Az

Assets of the banking system had a positive growth trend in 2012 amounting to 13.946 billion manat at the beginning of 2013.

The Central Bank of Azerbaijan (CBA) reported that the banks' assets grew by 26.5 percent since early 2012. Some 43 banks operate in Azerbaijan.

The basis of the assets of the banking sector (60.5 percent) was constituted by customer loans amounting to 10.681 billion manat (annual growth of 20.7 per cent), investments (1.6 billion manat with a growth of 30.8 per cent) and money at correspondent accounts (1.444 billion manat with a growth of 8.06 per cent).

Loans and deposits issued to the financial sector amounted to 696 million manat (growth of 22.6 per cent).

In the structure of liabilities, the bulk (43.7 per cent) is deposits (7.71 billion manat), increasing by 15.55 per cent compared to 2011. Loans and deposits received from the financial sector amounted to 5.172 billion manat, increasing by 18.8 percent.

Over 2012, total liabilities of the banking sector of Azerbaijan increased by 27.56 percent, totalling 15.088 billion manat. This figure was 11.828 billion manatas of early 2012 .

Capital of domestic banks continued to grow in 2012, although the banking sector still includes banks not meeting minimum regulatory capital requirements (10 million manat).

According to the Central Bank, the number of banks with capital exceeding 10 million manat was 41 units by the end of 2012. The share of this category of banks in the aggregate capital of all banks was 99.5 per cent during the reporting period.

Capital of one bank (with an 0.3 per cent weight) was formed in the range of five to10 million manat, and of another bank (0.2 per cent) in the range of 3.5-5 million manat.