BAKU, Azerbaijan, October 28. Azerbaijan's banking sector found itself in a bit of a pickle, with foreign liabilities climbing to 2.9 billion manat ($1.73 billion) by the time the calendar turned to September 30, 2025.
The data obtained by Trend from the Central Bank of Azerbaijan (CBA) shows
the data indicates an increment of 340.6 million manat ($200
million) relative to the commencement of the fiscal year.
"The escalation in external obligations is predominantly ascribed
to a surge in ephemeral financing procured from offshore banking
institutions," the CBA elucidated.
