BAKU, Azerbaijan, October 7. The main reason for the decline in banking sector profitability is the increase in provisioning, Executive Director of the Central Bank of Azerbaijan (CBA) Shahin Mahmudzade said at a press conference on the financial stability report, Trend reports.
He noted that the main issue to be considered in the sustainability of the banking sector is capital adequacy.
The capital adequacy of the banking sector has increased and is around 18 percent.
Will be updated