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 State Audit Office has conducted an efficiency audit of the Educational Student Loan Fund under the Ministry of Science and Education.
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An auction for the placement of Silk Way West Airlines bonds is being held today at the Baku Stock Exchange (BSE).
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Meqa Sığorta has won an open tender to provide voluntary health insurance for employees of the Azerbaijan Ground Transport Agency under the Ministry of Digital Development and Transport.
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The “Taxes” newspaper of the State Tax Service under the Ministry of Economy has published the names of newly registered commercial entities.
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