15:23 - 26.10.2026

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October 26, Fineko/abc.az. The total volume of interest and non-interest income of the banking sector of Azerbaijan in the first 9 months of 2026 increased by 75.1% against Jan-Sept 2025, reaching 5.728 billion manats.

Of the total revenues, 4.182 billion manats (73%) accounted for interest income and 1.545 billion manats (27%) for non-interest income.

At that, interest expenses grew by 81.4% up to 1.548 billion manats and non-interest expenses by 61.9% up to 2.434 billion manats.

As a result of the excess of income over expenses, the net profit of banks increased sharply by 87.6% up to 1.8 billion manats. The pre-tax profit reached 1.352 billion manats. Thus, the share of net profit in total revenues observe dgrowth from 17.6% up to 18.9%.

Amid the growth of profitability, Azerbaijan's banking sector has dramatically increased the amount of funds allocated to cover risks.

For Jan-Sept 2026, the volume of reserves formed on loans and other assets to cover possible losses increased by 100.3% and reached 354.3 million manats.

At that, there was steady growth in the total assets of the banking sector.

In the 3rd quarter, banks’ overall assets increased by 12.1% year-on-year, reaching 63.6 billion manats (56.734 billion manats for Q3 of 2025).