Employee rate in banking sector has grown again – 1,496 people

16:34 - 24.10.2019


October 24, Fineko/abc.az. The adequacy ratio of total capital for September made up 22.6% (2.3-fold more versus the minimum standard).

ABC.AZ informs that this data is covered by Financial Market Supervision Authority’s (Fimsa) report on the banking sector for Jan-Sept 2019.

The report says that sector's instant liquidity ratio exceeds the minimum demand by 1.9 times (57.8%). In the banking sector, ROA and ROE are 2.3% and 16.9% respectively. The report of the Chamber also notes that 14 out of 30 banks in Azerbaijan have foreign capital, 7 of which make up 100% of the share of foreign capital. The number of branches of 30 banks is 515, the number of branches - 129, cash machines - 2,592. Growth in the number of employees in the banking sector continued in September. Thus, for the first 9 months of 2019 the number of employees increased by 8.6% (1,496 people) up to 18,911 people.

 

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