BAKU, Azerbaijan, June 9. Key indicators of
Azerbaijan's banking sector, including lending, deposits,
capitalization, and the development of non-cash payments, show
steady growth, President of the Azerbaijan Banks Association Zakir
Nuriyev said at the International Finance and Banking Summit taking
place in Baku, Trend's correspondent reports.
According to him, expanding access to financial resources under
state programs has been identified as one of the key priorities:
"This includes the development of agricultural lending,
agricultural insurance, subsidy, guarantee and concessional
financing mechanisms, as well as support for relevant institutional
instruments," he explained.
Nuriyev noted that the volume of loans provided by state funds
across all areas reached 1.2 billion manat ($706 million) during
the reporting period.
He said that the banking sector's deposit portfolio continues to
grow and exceeded 37.8 billion manat ($22.2 billion), increasing by
2.8% year-on-year.
"Household deposits increased by 18.7% to 17.3 billion manat
($10.2 billion), reflecting continued public confidence in the
banking system and the strengthening of banks' funding base.
A decline in dollarization was also recorded: the share of
foreign-currency deposits fell to 35.7%, while the share of
foreign-currency savings declined to 30.2%," he said.
According to him, the banking sector's capital reached 7.7
billion manat ($4.5 billion), up 9.7%, reflecting the continued
strengthening of banks' financial resilience.
Nuriyev highlighted the active development of digital payments:
"In the first four months of 2026, payment card transactions
totaled 49.4 billion manat ($29.1 billion), which is 11% higher
than in the same period last year."
"The volume of cashless transactions increased from 29.9 billion
manat ($17.6 billion) to 34.5 billion manat ($20.3 billion). As a
result, the share of cashless payments in total card transactions
rose from 67.1% to 69.9%," he added.
