Azernews.Az

As Azerbaijan continues to evolve, both domestically and regionally, its banking sector remains a vital pillar of its economic strategy. The latest Central Asia and Caucasus Banking Outlook 2025 from S&P Global Ratings sheds light on the expected trajectory of Azerbaijan’s financial system, forecasting a stable yet cautious path for 2025 amidst global uncertainties and local challenges. The overall performance of banks in Azerbaijan is expected to remain resilient in 2025, reflecting a broader regional trend across Armenia, Georgia, Kazakhstan, and Uzbekistan. Economic growth in Azerbaijan continues to be robust, with low double-digit lending growth and stable asset quality supporting profitability and capital levels. The country is benefitting from solid economic fundamentals, particularly in the non-oil sectors, which are growing at a pace that outstrips oil and gas production.

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