Ankara: The International Credit Rating Agency SandP Global Ratings releases forecast for Azerbaijan’s Banking Sector, APA reports. Return on assets of the banking sector of Azerbaijan (RoAA) in 2024-2026 will be 2.1%, return on equity of the sector (ROE) -16%.
According to Azeri-Press News Agency, The rating agency forecasts the banking sector’s non-performing loans to grow to 3.0% this year, 3.2% in 2025, and 3.4% in 2026. The agency also determined that loan losses will amount to 1.2% of the total portfolio between 2024 and 2026.