Azerbaijan’s bond market could become a new rival to bank deposits

Azerbaijan’s bond market could become a new rival to bank deposits

Azerbaijan’s capital market is showing signs of an important transformation. Changes at the Baku Stock Exchange, the growing use of electronic trading infrastructure and the successful IPO of PASHA Bank have brought new momentum to the country’s securities market. The PASHA Bank offering attracted thousands of investors and followed the growing participation of retail investors in Azerbaijan’s capital markets, including the large number of individuals who participated in previous share offeri...