banking sector
Azerbaijan's Central Bank submits Islamic finance bill to government
The Central Bank of Azerbaijan has prepared a legislative package enshrining the basic principles of Islamic finance and introducing five core products. The document has been sent to the government for review.
Global Islamic Finance Market Reaches $6.5 Trillion
As of 2026, the global Islamic finance market has reached $6.5 trillion, with expected growth of 10% this year and surpassing $10 trillion by 2030.
ABB Bank Hosts International Risk Management Forum in Baku
The International Risk Forum, initiated by ABB Bank and supported by Mastercard, brought together regulators, bankers and experts in Baku to discuss geopolitical uncertainty, AI, cyber threats and digital assets.
Azerbaijan's Banking Sector Assets Up 12.2% Year-on-Year
As of September 1, the assets of Azerbaijan's banking sector reached 62.476 billion manats, up 12.2% year-on-year. The CBA reported on reforms to strengthen the financial system.
Bank Respublika to Increase Charter Capital to 320 Million Manats
Bank Respublika plans to increase its charter capital by 39.5 million manats and issue preferred shares worth 80 million manats. As a result, capital will reach about 320 million manats.
Azerbaijan's Banking Sector Assets Up 12.2%
As of September 1, the assets of Azerbaijani banks reached 62.5 billion manats, up 12.2% year-on-year. The loan portfolio and deposits also showed growth.
Overdue Loans in Azerbaijan Up 36% Year-on-Year
As of September 1, 2026, overdue loans in Azerbaijan totaled 721.8 million manats, up 36% from a year earlier. Since the start of the year, the increase was 37.6%.
Credit Investments in Karabakh and Eastern Zangezur Up 17%
As of August 1, credit investments in Azerbaijan's Karabakh and Eastern Zangezur economic regions reached AZN 611.145 million, up 17% year-on-year.
Azerbaijan's ABB enters Uzbekistan market via partnership with Davr Bank
Azerbaijan's Economy Minister Mikayil Jabbarov announced that the country's largest bank, ABB, is entering the Uzbekistan market through a partnership and acquisition of a stake in Davr Bank.
VTB (Azerbaijan) Posts Decline in Profit and Deposits in First Half
VTB (Azerbaijan) reported a net profit of 5.826 million manats for the first half of 2024, down from 6.319 million manats a year earlier.
Bank VTB (Azerbaijan) Profit Declines
Bank VTB (Azerbaijan) posted a net profit of 5.825 million manats in Q2 2026, down 7.81% year-on-year.
How Did Yelo Bank Perform in the First Half of the Year?
Yelo Bank announced its financial results for the first half (January-June) of 2026. The bank significantly strengthened its capital position and maintained high growth in core operating income.
Kapital Bank Announces Financial Results
Kapital Bank reported financial indicators as of June 30, 2026, with assets reaching 13.3 billion manats and net profit up 44% year-on-year.
Bank Respublika to Increase Authorized Capital
Bank Respublika plans to increase its authorized capital by 126.79 million manats, or 2.7 times, from 73.96 million to 200.75 million manats.
AFB Bank Profit Falls Nearly 12-Fold
AFB Bank's profit in the first half of 2026 dropped 11.5 times to 237,000 manats, while assets grew 72%.