Azerbaijan banking sector shows mixed financial results

Financial reports for Bank Respublika and Kapital Bank as of September 30, 2026, reveal divergent trends in the Azerbaijani banking sector.

Bank Respublika reported a 2.18% decrease in total assets, falling by 59.29 million manat to 2.658 billion manat. Despite the decline in total assets and a significant 64.77% drop in cash holdings, the bank saw an 11.45% increase in total loans to customers, reaching 1.757 billion manat. This growth was driven primarily by business loans, which rose by 10.03%, and consumer loans, which increased by 16.33%.

In contrast, Kapital Bank experienced significant growth, with total assets reaching 13.92 billion manat, a 15.4% annual increase. The bank’s loan portfolio grew by 17.7% to 6.39 billion manat, fueled by a 33.2% surge in business loans. Kapital Bank also reported a 29.6% increase in net profit, totaling 297 million manat, and a 43% rise in operating profit to 523.2 million manat.