Strategies of Azerbaijan Banking Sector for Covid-19 Pandemic in the Context of Crisis Management

This article summarizes the current level of knowledge and correlates published materials regarding the consequences of the COVID-19 pandemic in the banking industry. The aim is to understand how the banking sector can cope with complex crises and to determine how complex crises challenge management practices in the banking sector. Thus, we observed how the banking system struggled with these difficulties experienced in an uncertain period that humanity had never faced. We analyzed whether the banking system entered the pandemic more resilient and well-capitalized than before the crisis, and summarized the lessons that banks learned.

In this study, we tried to reveal how the banking sector, which plays an important role in the economy, behaves, what steps it takes, what it does for its customers and aid activities in the country. 28 banks were included in the study. First of all, let's take a look at the assets and capital of these banks and their donations to the Coronavirus Support Fund. Prices are expressed in Azn.

Statistics are based on the latest results published by banks. These figures are subject to change after the study period. Campaigns and their details can be changed, added or exported. In addition to the banks listed above, other banks may have taken new decisions. Therefore, we need to know that the research results are based on the information obtained during the research.