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Azerbaijan’s banking sector staged a remarkable comeback in 2023, with robust asset growth, surging loan portfolios and profit gains. From established giants like PASHA Bank (which is related to the ruling family of the country) to rising establishments like Unibank and Rabitabank, the landscape showcased dynamic performances across the board. Seven banks – PASHA Bank, Expressbank, Premium Bank, AccessBank, Bank of Baku, Xalq Bank and Unibank – experienced asset growth, ranging from 1.5% for PASHA Bank to 24.2% for Bank of Baku. Loan portfolios swelled across the board, with AccessBank witness…

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