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Thursday March 6 2025

Azerbaijan's banking sector foreign liabilities rise in Early 2024

5 March 2025 16:06 (UTC+04:00)
Azerbaijan's banking sector foreign liabilities rise in Early 2024
Qabil Ashirov
Qabil Ashirov
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The rise in foreign liabilities largely stems from an increase in current accounts held by non-resident legal entities. This development is significant, as it shows that Azerbaijan continues to attract foreign investments and business partnerships, helping to strengthen its financial infrastructure. It is also a clear indication that the banking sector is functioning as a crucial link between Azerbaijan and the global economy, fostering an environment where international business and trade can thrive.

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