Markets Review
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We present the rankings of commercial banks in Azerbaijan based on financial indicators for the year 2024. The rankings are compiled using the financial reports that banks publish on their websites.
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In December 2024, the construction materials market in Baku experienced mixed dynamics, marked by a moderate overall decline in prices across key categories. The overall price index for construction materials in Baku dropped by approximately 2.4% compared to November, signaling a recalibration of supply and demand dynamics amidst evolving economic conditions. Experts attribute these changes to a combination of global material price adjustments, local market corrections, and seasonally subdued construction activity.
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In December 2024, the average price of the consumer basket (CB) in Baku, consisting of 30 basic food products of domestic production compiled by the Turan agency, rose by 0.6%.
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In December 2024, the situation regarding lending in three banks of Azerbaijan changed. The banks revised the interest rates on consumer and business loans issued in manat.
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