Azerbaijan Recognizes Blockchain, but Cautious about Digital Money

In April 2024, in Baku, the average price of a consumer basket (CB) for 30 types of basic food products of domestic production, compiled by the Turan agency, declined by 2%.

In April 2024, the situation with accepting deposits in 8 banks in Azerbaijan changed. Banks have revised the percentage of deposits placed in manats and US dollars.

In April 2024, the lending situation in 3 banks in Azerbaijan changed. Banks have revised the percentage of consumer and business loans in manats and US dollars.

We present the ratings of commercial banks of Azerbaijan based on a comparison of financial indicators based on the results of the first quarter of 2023-2024 (annual dynamics).  The ratings are compiled from financial statements (balance sheet, profit - loss, etc.) that banks post on their Internet pages.) and are developed using information that banks consider necessary for disclosure.