Central Bank fines officials from five non-bank credit organizations

The Central Bank of Azerbaijan imposed fines on officials from five non-bank credit organizations (NBCOs) for violating regulations.

Karabakh sees 13% increase in lending volume over 6 months

Azerbaijan's Karabakh economic region has demonstrated the most impressive lending dynamics in the country in 2024, according to the latest data from the Central Bank.

Banks' demand slightly lower at latest currency auction

Following the auction, the weighted average exchange rate of the Azerbaijani manat settled at 1.7000 AZN/USD.

Central Bank currency rates for 27 August

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

Kapital Bank Expands Relations with International Financial Institutions

Karabakh economic region leads in loan growth across Azerbaijan

As of August 1, 2024, the loan portfolio of banks and non-bank credit organizations in Azerbaijan's regions (excluding the Baku Economic Region) stood at 5.82 billion manats, marking a 15.65% increase compared to the previous year.

Central Bank currency rates for 26 August

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

More than 800 million manats withdrawn from banks last month

CBA applies fines and sanctions amounting to about 136,000 manats in H12024

In the first half of this year, the Central Bank of Azerbaijan (CBA) conducted 18 inspections and 47 control measures.

With Birbank Biznes, order payments are easier and more convenient

Kapital Bank to pay dividends to shareholders

Azerbaijan's external public debt down by 17%

As of July 1 of the current year, Azerbaijan's external public debt amounted to $5.361 billion.

Russia plans to create crypto exchanges

Russia plans to create two crypto exchanges in Moscow and St. Petersburg to support foreign economic activity.

Gold and silver prices grow

The price of a troy ounce of gold on the New York Commodity Exchange COMEX rose by 0.48%, reaching $2,528.90.

Central Bank currency rates for 23 August

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

Volume of cashless transactions in Azerbaijan up by more than 1.5 times

In July 2024, the volume of cashless transactions in Azerbaijan amounted to 7.28 billion manats.

Türkiye sees surge in dollar purchases amid soaring inflation

Azerbaijan's Central Bank gets new head of treasury department

The head of the treasury department of the Central Bank of Azerbaijan has changed.

Director General of Azerbaijan's Central Bank

Farid Osmanov, the Director General of the Central Bank of Azerbaijan (CBA), has been dismissed.

Azerbaijani households' debt to banks exceeds 15 billion manats

Loans issued by banks to households (families) in Azerbaijan have exceeded 15 billion manats.

Demand for foreign currency rises by 1.9% at auction