Baku / 06.10.17 / Turan: Consolidation of the Azerbaijani banking sector will continue, Anar Hasanov, First Deputy Head of the Board of Access Bank CJSC, said in an interview with journalists.
He noted that the period of small banks is coming to an end. According to him, banks that were leaders several years ago are now considering options for consolidation.
In addition, A. Hasanov said that after March 2017 there is a revival in lending and especially this is felt in the sphere of micro credits. According to him, in this segment the amount of loans increased by 2.5 times, which is close to the period before the first devaluation. -71D-
Finance
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In 2024, nominal income of Azerbaijan's population totalled AZN 83,093.4 million.
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In 2024, Azerbaijan's state budget revenues totalled AZN 37,164.2 million and budget expenditures AZN 37,719.7 million. This was reported by the State Statistics Committee.
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In 2024, receipts on compulsory health insurance in Azerbaijan totalled about AZN 1 billion.This is up by 8.6% from the same period of 2023, the report said.
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Findoc' portal created by “Azerbaijan Credit Bureau” in the format of business client (B2C) has 100,000 users.This was announced by the Bureau.
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