S&P expects growth of profitability of banks in Azerbaijan

12:40 - 17.11.2022

November 17, Fineko/abc.az. We expect the stabilization of problem loans in Azerbaijan this year and an increase in the profitability of banks by supporting the economy with favorable prices for hydrocarbons, ABC.AZ reports with reference to S&P Global Ratings.

The volume of problem loans in the banking sector is projected at 4.5% against 3.5% projected in the middle of this year. And in 2023, a decrease to 4% in problem loans is projected.