17:43 - 4.09.2025

---

September 4, Fineko/abc.az. For commercial banks, AI brings clear opportunities, Shahin Mahmudzada, general director of the Central Bank of Azerbaijan, told Report, according to ABC.AZ.

"Globally, competitors are actively adopting AI and becoming more profitable, which means that banks that lag behind risk losing market share," he said.

Mahmudzada reminded that traditionally the private sector is already one step ahead of regulators: "Regulators must then catch up, identify risks, and decide whether to regulate, allow, or ban certain tools. However, I don't think AI will be banned or severely restricted; otherwise, a country's banking sector would quickly become less competitive compared to regional peers."