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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The analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In January-August 2024, two state financial institutions of Azerbaijan jointly paid dividends in the amount of AZN 169.9 million, or about $100 million. This is stated in the conclusion of the Accounting Chamber over the Draft Law ‘’On State Budget for 2024‘’.
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President Ilham Aliyev's decree of 28 March 2022 ‘On Approval of the Upper Limit of Ratio of Non-oil Base Budget Deficit to Non-oil Gross Domestic Product (GDP)’ is not honoured.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In 2025, the subsistence minimum in Azerbaijan will amount to AZN 305 for able-bodied population, AZN 232 for pensioners and AZN 246 for children. This is stated in the Draft Law ‘On Subsistence Minimum for 2025’.
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