Bank Rankings (Q3, 2024)
Markets Review
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We present the rankings of commercial banks in Azerbaijan based on a comparison of financial performance for the third quarters of 2023 and 2024 (year-over-year dynamics). The rankings are compiled using the financial reports that banks publish on their websites.
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In September 2024, the prices of building materials in Baku saw a moderate increase of 0.9% compared to the previous month. While most items showed stable prices, certain categories such as rebar, timber, and glass experienced slight price fluctuations.
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In the first nine months of 2024, food prices in Baku rose by 5%, indicating inflationary pressure in Azerbaijan’s domestic market. An analysis of a consumer basket composed of 30 basic food items by the Turan agency revealed a complex picture: while some products increased in price, others became cheaper, highlighting the uneven nature of price movements in the food sector.
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In September 2024, the average price of the consumer basket (CB) for 30 types of basic domestically produced food products in Baku, as compiled by Turan agency, increased by 2%.
Qarabağın bərpası üçün ayrılan vəsaitlərin xərclənməsində şəffaflıq varmı? – Akif Nəsirli Çətin sualda
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