New feature in Birbank Business’s “Maestro” Tariff: POS transactions now available

Revolut has received a banking license in the UK

Fintech Revolut has received a banking license in the UK from the Prudential Regulation Authority

At currency auction, banks reduced demand by 32.7%

Following the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

CBA chairman held a meeting with heads of banks

We held a meeting with the executives of banks that are part of the wide composition of the presidium of the Azerbaijan Banks Association.

Average interest rate on business loans has risen to a maximum

The average interest rate on newly-given business loans in national currency in Azerbaijan has increased to maximum since November 2014.

Regions with the highest interest rates on loans – List

The regions with the highest loans in Azerbaijan have been named.

U.S. may impose sanctions against Indian banks

The U.S. Treasury Department has warned Indian banks that Washington may impose sanctions against them for alleged interaction with the Russian military-industrial complex

Central Bank currency rates for 25 July

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

Number of NBCOs’ problem loans has risen - Report

The non-bank credit organizations of Azerbaijan increased their loan portfolio by 13% in the 1st half of 2024

Banks' interest expenses on deposits grew by 118.5 million manats

In the first 6 months of 2024 (January-June), the interest expenses of Azerbaijani banks on deposits amounted to 407 million manats.

Total balance sheet capital of Azerbaijan's credit unions reduced by 4%

In the first half of 2024, the total balance sheet capital of Azerbaijan's credit unions amounted to 9.1 million manats.

Special campaign for individual entrepreneurs seeking micro business loans from Birbank Biznes

NBCOs’ loan portfolio grew by 37% and banks' loan portfolio by 19.4%

In the 1st half of 2024, the loan portfolio of the NBCOs of Azerbaijan amounted to 681.6 million manats.

Assets of credit unions of Azerbaijan lowered by 700,000 manats

In the 1st half of 2024, the total assets of Azerbaijan's credit unions amounted to 12.4 million manats.

Mir cards to operate in Iran

Central Bank currency rates for 24 July

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

NBCOs’ obligations grew by 33%

In the first half of 2024, NBCOs’ liabilities in Azerbaijan amounted to 479.9 million manats.

Another update from Birbank Biznes: Order payments now available on the mobile App

In June, deposits of individuals in banks grew by 480.7 million manats

In June 2024, the deposits of individuals in banks (term + current) increased by 3.6% or by 480.7 million manats.

Banks’ loan portfolio of banks increased by 271.3 million manats for June

In June 2024, the loan portfolio of banks observed growth by 1.1%, or by 271.3 million manats, up to 25.429 billion manats.

Banks’ demand at foreign exchange auction grew by 2.2%

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.