11:00 - 14.02.2025

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February 14, Fineko/abc.az. In 2024, the volume of the unsecured interbank market in Azerbaijan exceeded 101 billion manats.

ABC.AZ informs that Association of Banks of Azerbaijan’s chair Zakir Nuriyev said about this at the Azerbaijan Financial Forum in Baku.

Nuriyev said that Financial Sector Development Strategy 2024-2026, approved by the Central Bank of Azerbaijan, defines strengthening the stability of the banking sector, developing the insurance, payment and securities sectors as the main priorities. It highlights such strategic goals as expanding financial inclusion, increasing the availability of services, diversifying financial instruments, improving sector efficiency, implementing corporate governance, and increasing transparency and sustainability. In addition, the document defines the potential market opportunities of each sector, CBA quality standards and risk-based control mechanisms. In addition, special attention is paid to such key areas as digital and sustainable finance, professional development and improving financial literacy of the population."