Moody’s: Disparity between leading Azerbaijani banks and others will increase
  • ECONOMY

  • 12:11 23 May 2019

Moody’s: Disparity between leading Azerbaijani banks and others will increase

As a result of events in the banking sector of Azerbaijan over the past 3-4 years, 3 banks of the country (“PASHA Bank”, “Kapital Bank” and “Xalq Bank”) have increased their market share by 35%, said financial markets analyst of Moody’s Pyotr Palkin, ONA reports.

According to him, this sector is profitable in the last 3 years, however, this profit is gained by above mentioned 3 banks and the International Bank of Azerbaijan.

 “It is overall 4 years that the rest of banks create losses”, P.Palkin added.

According to expert, the current disparity between the mentioned banks and others will increase.

Huseyn Veliyev

Tags: Moody's economy banks Azerbaijan all news

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