The level of liquidity of bank assets in Azerbaijan exceeds the minimum standard.
According to the Central Bank of Azerbaijan (CBA), as of April 1, the amount of liquid assets of banks amounted to 14% of the total assets of the banking system at the minimum norm of 10%. By the beginning of the year, this figure was even higher - 15% of all banking assets.
By the end of the first quarter with a minimum limit of 30% the current ratio was 69%. The share of liquid assets relative to current liabilities on April 1, 2013 was 68.3%.
The structure of liquid assets at a fraction of cash, Nostro accounts and government securities account for respectively 31.4%, 27.8% and 15.9%. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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