Latest articles from Azerbaijan

Baku teaser

Azerbaijan strives to move on from IBA default

October 2, 2017

With International Bank of Azerbaijan’s debt restructuring pushed through, the country can now begin focusing on addressing the roots of its problems. But the task of finding ways to grow its economy with less reliance on oil will not be easy, as Michael Turner reports.

How Azerbaijan kept up its economic ascent

March 10, 2015

For more than a decade, Azerbaijan’s economy has enjoyed unbridled growth. On the 15th anniversary of it becoming one of the Asian Development Bank's member states, The Banker takes an in-depth look at its success story.  

Top Black Sea banks ranking, 2014: Asset quality risks rising

May 1, 2014

Several of the members of the Organisation of the Black Sea Economic Co-operation are facing rising asset impairment, but the reasons vary.

Mixed blessings of foreign ownership for Black Sea banks

May 1, 2012

Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.

Azerbaijan, Huseynov, Faig

Profit slide brings changing landscape in Azerbaijan

November 1, 2011

Many of Azerbaijan's banks were hit by economic slowdown and falling real estate valuations in 2010, and there are signs that a significant shake-up of the sector is beginning.

Ukraine, Kazakhstan and Belarus dominate CIS banking landscape

May 4, 2011

In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.

Samir Sharifov

July 6, 2010

Azerbaijan's finance minister tells The Banker about the country's strategy to diversify its economy away from a dependence on oil exports and addresses international questions about the government's fiscal transparency. Writer Michelle Price

Oil price slump has Azerbaijan preparing for a slowdown

August 4, 2009

Banks in Azerbaijan have been remote from the global financial market turmoil but are readying themselves for a fall in economic output at home, due to the country's reliance on oil revenues. Writer Michael Imeson

Caucasus calling

May 5, 2008

The Azerbaijan government is keen to use its geostrategic location and growing resources wealth to establish its status as a regional hub, and the financial sector is eager to play its part, reports Philip Alexander.

Incomplete revolution

May 5, 2008

Azerbaijan’s authorities are pushing banks to entrench improved performance by adopting international management practices, reports Philip Alexander.

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