Fitch Ratings: ‘Azerbaijan’s banking sector has improved, but is still fairly weak’ 

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.