Last year, banks “pumped gas and filled the pot” |
The year 2022 Banks of Azerbaijan was suitable for Commercial institutions have managed to increase their income by 50 percent or less during the year. This is stated in the annual indicators released by the Central Bank.
As for the numbers, bank The profit of the sector was 915 million manats last year. This is 307 million manats more than the indicator of 609 million manats a year ago – 2021. The profit tax paid by banks last year also increased and reached 262 million manats.
How was the 915 million income distributed among the banks? The figures announced by the Central Bank show that “Pasha Holding”Capital Bank” is the leader. In 2022 this bank It earned 308 million manats.
In the second place, nearly 60 percent of its shares are owned by the state Azerbaijan The International Bank stands. This commercial institution made a profit of 254 million manats during the year. The third row belongs to “Pasha Bank”, which is part of “Pasha Holding”. In 2022, the income of this bank was close to 150 million manats. Thus, banks belonging to the holding have 50 percent of the revenues of the sector.
The profit of the state-owned “AzerTurk Bank” also increased sharply, reaching 11 million manats from 546 thousand manats in 2021. Together with the International Bank, the total profit of this state bank was 265 million manats. This is 29 percent of the total earnings of the sector. Thus, in 2022, 79 percent of the total profit of banks in Azerbaijan will go to “Pasha Holding” and the state, and the remaining 21 percent will go to other 21 banks.
According to the results of 2022, the assets in the country are 2 billion There are 4 banks that exceed AZN. These are – IBA (14 billion manat), “Pasha Bank” (8.5 billion AZN), “KapitalBank” (7.8 billion AZN) and “XalqBank” (2.7 billion AZN). This list has not changed compared to 2021.
So, what are the Central Bank’s indicators for 2022 in the banking sector? news gives?
Banking sector specialist, lawyer Akram Hasanov told “Pressklub” that last year was generally a successful year for the banking sector: “Last year, banks’ assets, profits, credit an increase in portfolios and deposits was observed. However, parallel to this, the tendencies of monopolization in the banking sector have also strengthened. In other words, the said increases occurred at the expense of several banks that ranked in the top five. A smaller share fell to the account of other banks.”
The expert believes that this is a dangerous trend as a whole. “Because monopolization directly affects the quality of banking services. For example, the conditions for bank customers are becoming more difficult, large banks cannot satisfy their customers, and as a result, the quality of the service is reduced.”he noted.
The lawyer states that in order to prevent this trend, the competitive environment in the banking sector should be strengthened: “First of all, the banking sector should expand. On the other hand, credit the powers of organizations should be increased. Today they are the only ones credit they can give. For example, transfer money to an account funds they cannot download and exchange currency. These organizations should conduct such operations so that a competitive environment is formed in the market, at least partially.”
A. Hasanov emphasizes that currently the amount of consumer loans in the banking sector is much higher. According to him, this includes loans to trade networks under the name of business credit:
“Banks give credit to trade networks, and as a result, this way opens the way to lending to the population. The risk of non-repayment of these loans is included in the consumer loan. When the commercial networker does not pay back this loan tomorrow, the banks suffer the damage.”
Turgut
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