FOREIGN-INVESTED BANKS IN AZERBAIJAN

The banking sector in Azerbaijan continues to maintain its appeal to foreign investors, with the number of banks featuring foreign capital increasing to 22. Of the 44 commercial banks operating within the country, half have foreign investment, while some international banks maintain a presence through branches and representative offices. The sector demonstrates strong liquidity, and global rating agencies affirm Azerbaijan’s financial stability. The aggregate loan portfolio of banks has expanded to 27,477.7 million manats, with business loans comprising the largest portion. In 2024, total bank assets reached 53 billion manats, while total capital surpassed 6 billion manats. International financial institutions actively oversee the capitalization levels of the banking sector to promote stability and reliability. Both domestic and foreign banks in Azerbaijan adhere to international financial standards in formulating their capitalization strategies. Overall, the Azerbaijani banking sector remains an attractive destination for foreign investors due to its robust capital base and commitment to sustainable economic development.