Azerbaijan's financial sector assets stood at 60.6 billion manats as of January 1 this year. This figure is equivalent to 46.9% of the country's Gross Domestic Product (GDP) and 65.7% of the non-oil-and-gas GDP.
According to the Cabinet of Ministers' summary report on activities for 2025, as reported by the Operative Information Center-OMM, the total assets of the sector decreased by 11.7% compared to January 1 of the previous year.
As of the reporting date, 92.3% of the sector's assets were concentrated in banks, which is 15.1 percentage points higher than a year ago. During the reporting period, the distribution of shares among other financial sector participants changed as follows:
- The share of non-bank credit organizations (NBCOs) and credit unions dropped from 19.5% to 2%;
- The share of insurance companies rose from 3% to 3.5%;
- The share of investment companies remained stable at 0.2%.
The sharp decline in the share of NBCOs in total assets is attributed to the exclusion of assets from "Aqrarkredit" CJSC, which holds the toxic assets of "International Bank of Azerbaijan" OJSC. This structural adjustment reflects a more streamlined approach to reporting the country's active financial landscape.
The financial sector in Azerbaijan has undergone significant reforms in recent years aimed at increasing transparency and stability. The Cabinet of Ministers continues to monitor the health of the banking and non-banking sectors to ensure they support the broader diversification of the national economy away from oil dependence. These efforts are part of a long-term strategy to strengthen the resilience of the Republic of Azerbaijan's financial infrastructure against global economic fluctuations.
