CBA: Trend of concentration in banking sector weakens
The document notes that the concentration trend in the country's banking sector has weakened.
Thus, last year the market share of 3 banks (‘International Bank of Azerbaijan", "Kapitalbank" and "Pashabank"’) dropped by 2 percentage points to 63%. However, the market share of the loan portfolio of these banks rose by 4 percentage points to 52%, while the market share of the deposit portfolio dropped by 4 percentage points to 66%.
‘The CBA always keeps a close watch on concentration,’ the report said.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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