NEW AND SECOND-HAND HOUSING BECOMES MORE EXPENSIVE FOR ARTIFICIAL REASONS

In July 2024, the lending situation in 4 banks in Azerbaijan changed. Banks have revised the percentage of consumer loans issued in Azerbaijani manats.  Thus, the annual interest rate on cash loans has been changed from 11-30% to 11-32% at the International Bank of Azerbaijan, from 11-15% to 11-17% at “Azər-Türk” Bank, from 10-17% to 12-17% at “Yelobank”. And “Premiumbank” began to issue cash loans at 10% per annum.

In July 2024, the situation with accepting deposits in 4 banks of Azerbaijan changed. Banks have revised the percentage of deposits placed in Azerbaijani manats and US dollars.

We present the rankings of commercial banks of Azerbaijan based on financial indicators for the 2nd quarter of this year.  Such rankings are compiled using financial statements that banks post on their Internet pages.

We present the rankings of commercial banks of Azerbaijan based on a comparison of financial indicators based on the results of the 2nd quarter of this and last year (annual dynamics).  Rankings are compiled using financial statements that banks post on their Internet pages.