BAKU, Azerbaijan, October 3. The banking market in Azerbaijan is still seeing de-dollarization developments.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that the dollarization of the loan portfolio in the banking sector decreased by 1.5 percentage points to 14.6 percent in the first half of 2025, marking a historic minimum.
Additionally, the CBA noted that although dollarization of the deposit portfolio increased, the rise was mainly driven by demand deposits of legal entities. Compared to the end of 2024, the dollarization level in deposits grew by 3.3 percentage points, reaching 40.8 percent.
