Source link : https://europ.info/2025/12/31/azerbaijans-financial-sector-earns-high-praise-from-world-bank/
The World Bank has commended Azerbaijan’s financial sector for its impressive progress and resilience, signaling growing confidence in the country’s economic reforms and regulatory framework. In a recent report highlighted by the Caspian Post, the international financial institution lauded Azerbaijan’s efforts to modernize banking infrastructure, enhance transparency, and strengthen risk management practices. This endorsement comes as Azerbaijan continues to position itself as a key player in the regional financial landscape, attracting increased investment and fostering sustainable economic growth.
Azerbaijan’s Financial Sector Shows Robust Growth and Stability
The recent assessment by the World Bank highlights the remarkable progress of Azerbaijan’s financial institutions in maintaining resilience and expansion amidst global economic challenges. Key indicators reveal a steady increase in bank capitalization and liquidity, alongside a diversified portfolio of financial products that cater effectively to both corporate and retail clients. This growth is further supported by robust regulatory frameworks, which have been praised for enhancing transparency and fostering investor confidence.
- Increase in banking sector assets by 12% year-on-year
- Non-performing loan ratio decreased to below 3%
- Digital banking services expanded to over 70% of total users
- Strong collaboration with international financial bodies
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| Bank… |
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Author : Olivia Williams
Publish date : 2025-12-31 18:24:00
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