Azerbaijan's banking sector − Net profit reaches 190 million

Banks operating in Azerbaijan have published their financial statements as of the end of February this year.
According to Yeniavaz.com, total assets of banks increased by 0.3% to 57 billion 132.8 million manat, while total liabilities rose by 0.2% to 49 billion 617.4 million manat. Bank balance sheet capital increased by 1.5% to 7 billion 515.4 million manat.
Bank loan portfolios increased by 0.5%, or 138.8 million manat, in February, reaching 30 billion 118.9 million manat. Business loans accounted for 53.3% of the loan portfolio (16,058 million manat), consumer loans for 31.4% (9,467.5 million manat), and mortgages for 15.3% (4,593.4 million manat).
Deposits dominate the bank's liability structure: 75.2% of the total liabilities, or 37 billion 290.6 million manat, are accounted for by the deposit portfolio. 54.8% of this portfolio belongs to legal entities (20,425.4 million manat), and 45.2% to individuals (16,865.3 million manat).
68.9% of retail deposits (11,626.2 million manat) were in national currency, and 31.1% (5,239.1 million manat) were in foreign currency. It should be noted that in February, the number of unique term depositors increased by 2.5% to 202,100.
In January-February 2026, the banking sector earned a total of 301.2 million manat in operating profit and 189.7 million manat in net profit. During this period, banks paid 47.7 million manat in profit tax to the state budget.

Elnur Ali