Baku, Azerbaijan, Dec.25
The Central Bank of Azerbaijan (CBA) plans to reduce the volume of capital adequacy ratio from 12 percent to 10 percent by late 2015, Fitch Ratings international rating agency said Dec.25.
“A sharp decline in the Azerbaijani manat hit local banks' capital ratios via inflation of foreign currency-denominated risk-weighted assets (RWAs), and in some cases, significant translation losses on unhedged short open currency positions (OCP),” said the message.
Story still developing
Follow us on Twitter @TRENDNewsAgency