List of districts with the highest loans

As of November 1 of this year, the volume of long-term loans in districts of Azerbaijan in the national currency amounted to about 18.918 billion manats, and in foreign currency - 3.874 billion manats.

Azerbaijan and Uzbekistan negotiate signing of agreement

The Central Asian Fintech Association and the Association of Banks of Azerbaijan are negotiating the signing of a partnership and cooperation agreement.

Gold strengthens amid political instability in South Korea and France

Gold continued to strengthen moderately on Wednesday amid political instability in South Korea and France, which is fueling demand for safe assets.

Central Bank currency rates for 4 December

Azerbaijani manat rate has fallen to the euro and to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

SOFAZ increased currency sales

Over Jan-Nov 2024, the State Oil Fund (SOFAZ) carried out the sale of foreign currency in the amount of $6.494 million.

Average commission for money transfers fell below 7%

Introduction of agency banking model begins in Azerbaijan

In Azerbaijan, banks have started to involve third parties in the process of giving loans.

Central Bank: In 9 months, level of dollarization of loans decreased

Manat drops to these currencies

The exchange rate of the manat fluctuated in different directions relative to the currencies of other trading partner countries for Jan-Sept 2024.

CBA: Dollarization of legal entities’ deposits observes decline

Banks’ demand decreased by 10.4% at currency auction

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Bill on State Budget 2025 adopted in 2nd reading in Milli Majlis

The Parliament (Milli Majlis) has adopted the Bill on State Budget 2025 in the 2nd reading.

Zakir Nuriyev: Remote opening of bank accounts should be reviewed

Activities of 8 payment organizations licensed

This year, non-cash payments accounted for 63.8% of all transactions via payment cards within the country.

Green taxonomy to contribute to increasing environmental responsibility of banking sector

Vusal Gasimli: Banks are one of main pillars of country's economy in Azerbaijan

In Azerbaijan, banks are one of the main pillars of the country's economy.

Central Bank currency rates for 3 December

Azerbaijani manat rate has risen to the euro and to the Turkish lira, while is stable to the US dollar and to the Russian ruble.

Data unveiled on manat circulation rate

As of November 1, 2024, the circulation rate of Azerbaijan's national currency, the manat, was 3.59 points.

Deposits in credit institutions grew more than by 2 bn manats

As of November 1, 2024, the total amount of deposits in credit institutions reached 37.2 billion manats (2.3 billion manats, or 5.8% more against Jan-Oct 2023)

Monetary base in Azerbaijan lowered by 1.4% for Jan-Nov

Central Bank's foreign exchange reserves reduced by $404 million

The foreign exchange reserves of the Central Bank in November decreased by another $403.9 million, or 3.55%.