10:54 - 19.09.2025

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September 19, Fineko/abc.az. The average performance of the banking sector in Azerbaijan has improved since 2017 - dollarization has declined, and the risk of problem assets reduced, ABC.AZ reports, referring to Fitch Ratings.

However, the rating agency notes that, despite the adoption by the Central Bank of Azerbaijan of preventive risk management measures in this area, the rapid growth of retail (loans issued to individuals) since 2021 creates certain risks of overheating.

Fitch forecasts that GDP growth in Azerbaijan will drop to 3.5% in 2025 and 2.5% in 2026 (2024: 4.1%). It is linked with weakening of the oil & gas sector amid falling global prices.