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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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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