BAKU, Azerbaijan, May 26. The volume of
financial leasing services provided by banks and non-bank credit
organizations (NBCOs) in Azerbaijan amounted to 46 million manat
($27 million) as of the end of March 2026, Trend reports.
This is reflected in the “State Program on expanding financial
inclusion for 2027-2030” approved by the President of the Republic
of Azerbaijan, Ilham Aliyev.
"There is a wide potential for the development of financial
leasing operations. In order to realize the potential of financial
leasing activities, it is considered necessary to carry out reforms
in the legal and regulatory field and create a more favorable
environment for the development of the financial leasing sector,"
the information says.
Moreover, it was also noted that the NBCO sector has significant
potential for diversifying financial service products and promoting
financial inclusion. Although 90 NBCOs, including 36 credit unions,
were operating in the country at the end of the third quarter of
2025, their total assets accounted for 1.8% of the total assets of
the financial sector (excluding the assets of Agrarcredit
CJSC).
