Standard & Poor’s views the trend for industry risk in Azerbaijan's banking sector as stable, and expects that the industry structure will remain broadly the same, S&P said today.
“This backs our view of Azerbaijan's government as supportive of the domestic banking sector. We believe that the recent increase in minimum capital requirements for the banks of 50 million manats (approximately $48 million) will not change the domestic competitive landscape materially. The banking system has a relatively high level of core customer deposits, with no material reliance on external funding," Trend cited the statement.
