BAKU, Azerbaijan, April 2. The foreign liabilities of Azerbaijan's banking sector amounted to 2.6 billion manat ($1.5 billion) as of February 2025.
Data obtained by Trend from the Central Bank of Azerbaijan shows that
this denotes a surge of 21.8 million manat ($12.8 million) relative
to the commencement of the fiscal year.
Furthermore, the aggregate monetary base (M2) in manat as of
February 2025 experienced a 3.4 percent uptick relative to the
corresponding timeframe in the previous year, culminating in a
total of 35.4 billion manat ($20.8 million).
To note, a multitude of Azerbaijani financial institutions have articulated a keen interest in establishing correspondent banking relationships with their U.S. counterparts. Moreover, a growing cohort of private banking institutions is actively seeking to engage foreign equity stakeholders. The European Bank for Reconstruction and Development, International Finance Corporation, and various German financial entities have acquired equity positions in multiple analogous institutions. The burgeoning affluence of Azerbaijan has concomitantly amplified the demand for sophisticated financial and wealth management solutions.