17:09 - 19.10.2026

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October 19, Fineko/abc.az. As of October 1, 2026, overall assets of Azerbaijan's operating banks reached 63.62 billion manats. The main market share accounted for five largest banks — ABB, Kapital Bank, PASHA Bank, Xalq Bank and Bank Respublika.

The total assets of these banks amounted to 45.51 billion manats (71.5% of overall assets of the banking sector). The concentration is especially noticeable among the three largest banks — ABB, Kapital Bank and PASHA Bank. Their total assets reached 40.02 billion manats, or 62.9% of the assets of the entire sector.

Compared with the beginning of the year, the share of the three largest banks in the market grew from 60.6% up to 62.9%, and the Herfindahl-Hirschman index (HHI), which measures the level of market concentration, increased from 1,377 up to 1,472.

At that, CBA Director General Shahin Mahmudzade said at the presentation of the financial stability report that currently the concentration in the country's banking sector is assessed as moderate.

He stressed that over the past 4 years, the combined share of large banks in the market has decreased, while the positions of small banks have strengthened somewhat.

Central Bank’s representative added that the necessary conditions for achieving a high level of concentration in country's banking sector have not yet been formed.