Share of digital transactions in Azerbaijan's capital market to be increased to 70%

An increase is planned in the share of digital transactions in the capital market of Azerbaijan from the current 0% to 70%, according to the "Development Strategy of the Financial Sector in 2024-2026" approved by the Central Bank of Azerbaijan (CBA), Report informs.

According to the document, the plan is to increase the number of individual deposit accounts in the capital market from the current 1,000 to potentially 50,000, as well as the financing of real sector enterprises through the debt capital market from the current 500 million manats ($294.1 million) to potentially 1.5 billion manats ($882.4 million).

In addition, the average time spent investing in the capital markets will be reduced from the current 1 day to potentially less than 15 minutes.