Moody’s: Azerbaijani banks behind other CIS countries in digitalization process
  • ECONOMY

  • 17:56 14 May 2019

Moody’s: Azerbaijani banks behind other CIS countries in digitalization process

Azerbaijani banks are behind other CIS countries’ banks in the digitalization process, ONA reports citing the Moody’s international ratings agency. 

The turnover of plastic cards in Azerbaijan is about 6% of the population’s income, which is ahead of Tajikistan only.

79% of the country’s population is internet users. In CIS, this figure is about 68% on average. Azerbaijan ranks first among CIS countries for this indicator.

The number of online bank accounts is amounted just 7% of the overall bank accounts. Azerbaijan takes the last place among CIS region countries regarding this indicator. 

Azerbaijan is slightly behind the other countries of the region regarding mobile communication. If in other countries 100 people own 136 SIM-cards, in Azerbaijan this number is 103 SIM-cards per 100 persons. Azerbaijan is only ahead of Moldova, Tajikistan and Uzbekistan regarding this indicator in CIS region.

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