Fitch Ratings: Azerbaijani Central Bank to ease capital ratio requirement

Read on the website Vestnik Kavkaza

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.