BAKU, Azerbaijan, August 26. Assets of
Azerbaijan’s banking sector amounted to 60.98 billion manats
($35.87 billion) as of Aug. 1, according to calculations by
Trend based on data from the Central
Bank of Azerbaijan (CBA).
The figure was 5.28 billion manats ($3.11 billion), or 9.5%,
higher than on Aug. 1, 2025.
During the reporting period, banks’ total liabilities amounted
to 53.33 billion manats ($31.37 billion), while their balance-sheet
capital stood at 7.65 billion manats ($4.50 billion). In July,
total assets, liabilities and balance-sheet capital each increased
by 0.1%.
Against the backdrop of growth in the banking sector, the CBA
has also reported on reforms aimed at strengthening the resilience
of the financial system.
CBA Director General Shahin Mahmudzade commented on the reforms
during the 20th Global Forum on Islamic Finance, held in Baku as
part of the Annual Meeting of the Islamic Development Bank (IsDB)
Group.
“Over the past three years, we have modernized the regulatory
framework in the banking sector not only in traditional areas, such
as the transition to the latest accounting standards, but also in
new areas, including market conduct, ESG and others. A number of
amendments have also been made to legislation governing the capital
market. Draft laws on rating agencies, derivatives, venture
capital, crowdfunding and other areas have been prepared and
submitted to the government,” Mahmudzade said.
