Baku, Azerbaijan, April 15. The foreign
currency position of Azerbaijan’s banking sector remains within
prudential limits, and the process of de-dollarisation has
continued, Trend
reports via the Central Bank of Azerbaijan (CBA).
According to information, the dollarisation level of the banking
sector’s credit portfolio decreased by 2.7 percentage points
throughout 2024, bringing it down to 16.1 percent.
“In the deposit portfolio, dollarisation also declined, falling
by 0.9 percentage points to reach 37.5 percent. The banking sector
maintained a positive trend in profitability, recording net profits
exceeding one billion manat ($588.2 million).
By the end of 2024, the sector’s capital adequacy ratio stood at
17.6 percent, exceeding the minimum prudential requirement by a
factor of 1.8. Return on assets for the banking sector reached 2.1
percent, while return on equity was reported at 18.1 percent,” the
CBA noted.
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