Kapital Bank announces financial results for the third quarter of 2024

Rabitabank's loan portfolio grew almost by 93 million manats

FMO held a two-day seminar on green financing for Bank Respublika employees Photo

Chinese scientists hacked crypto algorithms using a quantum computer

Chinese scientists have carried out the "world's first effective attack" on a widely used encryption algorithm using a quantum computer.

Gold falls amid a stronger dollar

On Monday, gold prices declined under pressure from the strengthening US dollar, while investors are waiting for new signals from the Federal Reserve about lowering interest rates.

Central Bank currency rates for 14 October

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

The “INMerge Innovation Summit” uniting innovation and technology, continues

2nd tranche of Kapital Bank’s dollar bonds is now available for sale at branches

Unibank reduced its net profit by 20%

The net profit of Unibank for the 3rd quarter of 2024 decreased by 4.28 million manats or 20% compared with Q3 of 2023.

Heads of central banks of Russia and Iran discuss strengthening of interbank cooperation

Türkiye has recorded maximum current account surplus in 5 years

In August, Türkiye has recorded its highest current account surplus in the last five years, helped by increased tourism, which helped offset the country's trade deficit.

FBI created a fake cryptocurrency to expose crypto fraudsters

The Federal Bureau of Investigation (FBI) has developed its own cryptocurrency token NEXF to identify companies suspected of manipulating the cryptocurrency market.

S Korean Central Bank lowers rate first time since May 2020

The Bank of Korea on Friday lowered the base rate to 3.25% from 3.5% per annum, ABC.AZ reports, referring to the regulator.

Central Bank currency rates for 11 October

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

Ripple declares launch of cryptocurrency storage services

Ripple has announced the launch of cryptocurrency storage services, which are "designed to help banks and fintech companies store digital assets"

Banks’ demand at foreign exchange auction grew by 8.3%

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

Central Bank of China to use a liquidity tool for stock markets worth $71 bn

The central bank of China has announced that it will begin accepting applications from financial institutions to join a newly created liquidity instrument that will help investors buy stocks.

Central Bank currency rates for 10 October

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

Bitcoin could rise to $80,000-90,000 if Trump wins

Bitcoin could reach value of $80,000-$90,000 if Donald Trump wins the election next month.

Latvia to impose a tax for banks

The Latvian government has supported introduction of an additional income tax on financial organizations for the next three years to cover defense costs

Central Bank currency rates for 9 October

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