Baku 12° C
Fitch Ratings: ‘Azerbaijan’s banking sector has improved, but is still fairly weak’
Finance
- 16 September, 2023
- 07:55
The banking sector of Azerbaijan has improved, but is still fairly weak, reflected by Fitch's Banking System Indicator score of 'b', Report informs.
The non-performing loan ratio fell to 3.5% in July, from 3.8% at end-2022, helped by strong loan growth.
“Capitalization remains adequate at 17.8%, and the sector remains profitable, supported by rising loan portfolio interest income,” Fitch Ratings said.
Author
Latest News
14:41
Blaze in southern Türkiye kills pregnant Syrian mother, 5 children
Region14:32
Photo
Eid al-Fitr prayer performed in Shusha's Yukhari Govhar Agha Mosque
Religion14:26
Iran's IRGC spokesman killed in US-Israeli strike
Other countries14:20
Azerbaijan increases direct investment in US economy by 47%
Finance14:14
Ukraine's embassy in Baku congratulates Azerbaijani people on Novruz
Foreign policy14:08
IDF: Israel strikes Syrian military targets after attacks on Druze civilians
Other countries14:01
Russian drones hit two foreign-flagged ships in Ukraine's Odesa region
Other countries13:57
Fire at South Korean auto parts factory injures at least 55
Other countries13:43