The general dynamics of the financial and banking system of Azerbaijan shows that it has demonstrated quite successful development trends in all the main financial elements - depth, stability, efficiency, and inclusiveness over the past years.
“The country's banking sector, maintaining a moderate growth trend after the 2015 oil crisis, is currently in the phase of stabilization and development. The specific share of foreign currencies has almost halved compared to the crisis period (2015, 2016), and the growth tendency of the specific share of demand deposits has shown a tendency to stabilize indicators over the past year.
With the strengthening of macroeconomic stability and the implementation of measures on improving financial system, the potential for further improvement in quality indicators will increase even more.