Banking Sector

Azerbaijan, despite its larger natural and labor resources, is trailing behind its smaller neighbors Georgia and Armenia in banking sector development, according to Samir Aliyev, head of the Union for...

As Azerbaijan navigates a challenging economic transition, the banking sector's stability and strategic changes are drawing significant attention. The first half of 2024 has seen notable developments,...

As of the end of April 2024, the Azerbaijani banks owed 47.1 million manat to the Central Bank. This is stated in the banking review published by the regulator.

The Azerbaijani banking sector exhibited robust growth in the first quarter of 2024, with assets increasing by 9.1% compared to the same period last year, reaching a total of 48.91 billion manats, acc...