One of the main developing sectors in our country is the banking sector. In recent years, both the banking and "Fintech" sectors have seen development. Application of "Sandbox", regulation in the financial sector is an example of this. Let's look at the banking sector in numbers.
• As of June 30, 2024, the number of branches of 23 banks operating was 486, the number of departments was 91, and the number of ATMs was 3,086. The growth trend in the number of bank employees continued in June of the current year. In the reporting month, the number of employees in the banking sector increased by 0.1% or 35 people and amounted to 24,223 people.
• The total assets of active banks are 50,328.1 mln. AZN, total liabilities 44,086.3 mln. AZN, balance capital 6,241.8 mln. was manat.
• In June, the loan portfolio of banks increased by 1.1% or 271.3 mln. AZN increased to 25,429.5 mln. was manat. The structure of the loan portfolio: i) business loans - 54.6% (13,874.8 million manats); ii) consumer loans - 30% (7,633.8 million manats) and iii) mortgage loans - 15.4% (3,920.8 million manats).
• In June, the dollarization of savings of natural persons decreased by 2.6 percentage points and amounted to 33.9% compared to the corresponding period of the previous year.
• 614 mln. by banks in January - June 2024. AZN net profit, 875.5 mln. Operating profit in the amount of AZN was generated. 124.1 mln. by banks in 6 months of the current year. profit tax in the amount of manats was paid.
• At the end of June, the number of payment cards in circulation in banks and "Azerpocht" LLC systems increased by 224,000 compared to last month and amounted to 18,91,000.
• In June 2024, the amount of domestic non-cash payments made through cards is 6,103 mln. formed manat. 5,122 million of non-cash payments. AZN is the share of electronic trade. 972 million of the remaining amount. AZN POS terminals, 7 mln. and AZN was realized through self-service terminals. Since the beginning of the year, the volume of non-cash domestic transactions with payment cards made up 62.5% of domestic card transactions.
