CBA: there is tendency of profitability concentration in banking sector

Although most banks in Azerbaijan operate at a profit, there is a trend towards profitability concentration in the sector. This is stated in the "Financial Stability Report" published by the Central Bank of Azerbaijan on the results of 2023. According to the document, the last year 12 out of 23 banks gained a profit of AZN 10 to AZN 100 million, and the share of these banks in the sector's assets was 29.1%. The net profit of 7...

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