Baku, Azerbaijan, April 22. The amount of
business loans in Azerbaijan’s banking sector is projected to reach
16.5 billion manat ($9.7 billion) in 2026, Trend reports, via the
implementation status of the “2024-2026 Financial Sector
Development Strategy” by the Central Bank of Azerbaijan.
At the same time, the ratio of the population provided with
banking services to the adult population is expected to be 85
percent next year.
Furthermore, in the forthcoming fiscal year, the proportion of
depositors within the adult demographic is projected to reach 2.7
percent, while the cost-to-income ratio is anticipated to stabilize
at 40 percent.
To note, in accordance with the strategy, it is intended to
support sustainable development in the banking sector through the
expansion of affordable and responsible banking services. For this
purpose, it’s planned to implement measures to expand the market in
the banking sector, develop non-bank credit institutions and
increase their role in financing the economy, and modernize the
supervisory framework.
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