Number of banks reached 30.0 banks in 2019 in Azerbaijan, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Azerbaijan reached an all time high of 180 banks in 1995 and an all time low of banks in. When compared to Azerbaijan's main peers, number of banks in Azerbaijan amounted to 30.0 banks, 15.0 banks in Georgia and 402 banks in Russia in 2019.
Azerbaijan has been ranked 49th within the group of 140 countries we follow in terms of number of banks, 11 places behind the position seen 10 years ago.