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Banking sector strengthens as capital, credit and digitalization advance


The total capital of the banking sector increased by 765.4 million manat over the year, a growth rate of 12.1 percent, and rose by 458.7 million manat since the beginning of the year. Monthly figures also maintained positive momentum with a one-percent increase. This expansion reflects a deliberate effort by banks to reinforce their buffers at a time of global financial uncertainty, creating additional protection against inflationary pressures, regional risks and potential fluctuations in credit quality.

The post Banking sector strengthens as capital, credit and digitalization advance first appeared on The South Caucasus News – SouthCaucasusNews.com.