Moody's Investors Service published a report last week that gave Azerbaijan's banking system a stable outlook.
Moody's expects Azerbaijan's banks to benefit from a favorable operating environment, stable asset quality and sufficient capital buffers over the next 12-18 months. Additionally, Azerbaijan could maintain its demand for credit through robust economic growth, helping banks to maintain lending margins and profitability.
Azerbaijan is expected to see stable oil prices in the outlook period, which could help the country's gross domestic product grow by five percent in 2014. The country saw a 5.8 percent GDP increase in 2013.
The report said that Azerbaijan's banks should also see stability in their funding and liquidity profiles during the next 12-18 months. Moody's said Azerbaijan's cross-border funding, which was mostly derived from bilateral or international financial institution arrangements, was more stable than market funding.
Azerbaijan has had a stable outlook since 2010. The country's supportive macroeconomic conditions could help it maintain its outlook.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme