Best bank: Bank ABB
Prospects for the Azerbaijani banking sector continue to improve as bank balance sheets strengthen and tighter regulatory oversight is established. Nowhere is this more evident than at Bank ABB – International Bank of Azerbaijan – which has made good progress since the decisive resolution of its legacy risks in 2022.
The bank is 96% state owned and accounted for 26% of sector assets and 20% of sector loans in mid 2023.
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