Azerbaijan Banking and Finance Tenders

The Azerbaijani banking and finance market is a rapidly growing sector, with assets expanding at an average annual rate of 15% over the past five years. The sector is dominated by state-owned banks, which account for over 70% of total assets. However, the private sector is playing an increasingly important role, with foreign banks now accounting for 10% of total assets. The sector is well-regulated and supervised by the Central Bank of Azerbaijan.

The Azerbaijani government is a major purchaser of banking and finance products and services. In 2022, the government spent over $1 billion on banking and finance procurement. The government procures a wide range of products and services, including loans, deposits, investment banking services, and insurance.

The main banking and finance products and services procured by the Azerbaijani government include:
Loans: The government procures loans from both domestic and foreign banks to finance its budget deficit and infrastructure projects.
Deposits: The government holds deposits with banks to earn interest and manage its liquidity.
Investment banking services: The government hires investment banks to provide advice on mergers and acquisitions, underwriting of securities, and asset management.
Insurance: The government procures insurance from both domestic and foreign insurance companies to protect its assets against risks.

The top authorities for Azerbaijan banking and finance procurement are:
Ministry of Finance: The Ministry of Finance is responsible for developing and implementing the government's procurement policy.
Central Bank of Azerbaijan: The Central Bank of Azerbaijan is responsible for regulating and supervising the banking and finance sector.
Public Procurement Agency: The Public Procurement Agency is responsible for the day-to-day implementation of the government's procurement policy.

The top winners of Azerbaijan banking and finance procurement are:
International Bank of Azerbaijan: The International Bank of Azerbaijan is the largest bank in Azerbaijan and a major supplier of banking and finance products and services to the government.
Unibank: Unibank is the second largest bank in Azerbaijan and a major supplier of banking and finance products and services to the government.
Kapital Bank: Kapital Bank is the third largest bank in Azerbaijan and a major supplier of banking and finance products and services to the government.

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