Fitch Ratings: Azerbaijani Central Bank to ease capital ratio requirement

Fitch Ratings: Azerbaijani Central Bank to ease capital ratio requirement

The Central Bank of Azerbaijan plans to lower the minimum capital ratio requirement for banks to 10% from the current 12%, Fitch Ratings said.

“A sharp decline in the manat hit local banks' capital ratios via inflation of foreign currency-denominated risk-weighted assets, and in some cases, significant translation losses on unhedged short open currency positions,” Trend cited the message as saying.

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