17:36 - 2.03.2026

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March 2, Fineko/abc.az. S&P Global Ratings expects Azerbaijani banks to maintain stable financing profile over the next 2 years, ABC.AZ informs, referring to S&P Global Ratings.

"The growth of retail deposits supports the stability of banks' financing. We expect the ratio of systemic loans to core customer deposits (100% household deposits and 50% corporate deposits) to remain below 130%, which compares favorably with regional counterparts. By the end of 2025, corporate deposits accounted for nearly 56%, while retail deposits accounted for the rest," the report says.

The agency also emphasizes that dollarization of deposits has gradually decreased to 32% at the end of 2025, compared with 79% at the end of 2015.

"Due to the influx of diaspora funds, mainly from Russia, the share of non-resident retail deposits in Azerbaijan increased to 9% (1.5 billion manats) at the end of 2025 from 3% at the end of 2021. As in other CIS countries, access to long-term financing is limited, so most Azerbaijani banks will continue to rely on internal resources," S&P’s report says.