Overdue loans increased almost by 10% in 9 months

As of October 1, 2024, the amount of overdue loans in Azerbaijan totaled 480 million manats.

Average interest rate on cash loans has increased

Banks increase demand at currency auction by 64.2%

Number of bank cards approaches to 19 million

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 356,000 cards at the end of September compared with last month and reached 18,923 cards.

Net profit of banking sector decreased

Data unveiled on bank branches in Azerbaijan

As of September 30, 2024, 22 banks numbered 482 branches, 88 branches and 3.14 billion ATMs.

Assets of Azerbaijan's banking sector have grown

As of October 1, 2024, the assets of the Azerbaijani banking sector amounted to 50.84 billion manats.

Central Bank currency rates for 24 October

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

Kapital Bank continues to strength its global partnership in SIBOS 2024

Seven banks to join SIMA Imza

Currently, work is underway to connect six or seven Azerbaijani banks to SIMA Imza.

Kapital Bank empowers students with Emotional Intelligence and Career Guidance trainings

Central Bank has issued a license to another electronic money organization

By the decision of the Board of the Central Bank of Azerbaijan (CBA) Cüzdan LLC was granted an indefinite license for the right to carry out the activities of an electronic money organization.

CBA plans to regulate remote lending in Azerbaijan

The Central Bank of Azerbaijan (CBA) plans to regulate online lending in the country.

NBCOs should prepare for a new era - Elchin Gabibov

Non-bank credit organizations should prepare for a new era, develop in the field of investments, information technology, auditing and other areas.

CBA rep: About 100 cybercrime cases are blocked per year

About 100 cybercrime cases and fake pages are blocked a year.

Share of NBCOs in financial sector has increased, but their role in mediation is still small

Despite the fact that the share of non-bank credit organizations in the assets of the financial sector in Azerbaijan is growing, their role in financial intermediation is still small.

A new microfinance model to be created in Azerbaijan

It is planned to create a new microfinance model in Azerbaijan.

NBKOs expand faster than banks

The assets of non-bank credit organizations in Azerbaijan should exceed 1 billion manats.

Avalanche presents Visa payment card

Jalal Aliyev: Introduction of digital platforms helps increase financial inclusion

Increasing financial inclusion of households in Azerbaijan will contribute to development of the financial sector.

Use of ‘green finance’ is of great importance for increasing economic growth

There is a need for widespread use of alternative financial instruments, such as factoring, in Azerbaijan.