Azerbaijani banks increases assets 7%, net profit 24% in H1 2026

BAKU. Aug 10 (Interfax) - The total assets of Azerbaijan's banking system are estimated at 60.94 billion manat as of June 30, 2026, 6.8% more than the figure at the end of 2025, according to materials from the Central Bank of Azerbaijan.

Banks' funds in correspondent accounts with the Central Bank increased 12.4% in H1 2026 to 5.76 billion manat.

Bank liabilities increased 7.1% since the beginning of the year to 53.3 billion manat. Within the structure of liabilities, the deposit portfolio is estimated at 39.74 billion manat (+4%), including household deposits of 17.43 billion manat (+6.8%).

The bank loan portfolio reached 31.82 billion manat at the end of June, up 5.9% from the end of 2025.

The total capitalization of banks in Azerbaijan is 7.65 billion manat (+4.1%).

According to the regulator, the country's banks received net profit in the amount of 716.3 million manat in January-June 2026, up 24.2% more than in H1 2025. Income tax amounted to 171.1 million manat (+27.6%).

As of June 30, 2026, 22 banks held licenses to operate in Azerbaijan, including nine banks with foreign capital. There were also nine banks at the end of 2025.

The official exchange rate on August 10 is 1.7 manat/$1.