SOFAZ earned 2.8 billion manats on management of foreign exchange funds in 6 months

The investment income from management of foreign exchange funds of the State Oil Fund (SOFAZ) amounted to 2.818 billion manats for Jan-Jun 2024.

SOFAR's assets exceed $58 billion

As of July 1, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 3.4% compared with the beginning of the year and exceeded $58 billion.

Amendments made to Law on Audit Service

President Ilham Aliyev has approved the amendments to the Law on the Audit Service.

Azerbaijan has debt of 25.7 billion manats

Birbank installment cardholders can now enjoy the option of paying in installments for their Trendyol payments

Central Bank currency rates for 17 July

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

The largest banks by assets – Ranking

The names of the banks with the largest volume of assets in Azerbaijan have become known.

TuranBank's total assets reached 872 million manats

Following 1st half of 2024, TuranBank retained its market position in terms of financial indicators.

AccessBank Continues to Support Financial Literacy Among Women Entrepreneurs in Azerbaijan Photo

Banks almost doubled demand at currency auction

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.

Minister of Finance of the NAR appointed

Hasan Ismayilov has been appointed Minister of Finance of the Nakhchivan Autonomous Republic (NAR).

Central Bank currency rates for 16 July

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

Pay off your loans from other banks with favorable offers at Kapital Bank

Do customers withdraw their deposits from Unibank?

Despite the fact that the total volume of deposits of Unibank OJSC increased in the 1st half of 2024, the volume of raised customer finances in national currency decreased.

Gold production in Azerbaijan observed growth for past half-year – Report

In the 1st half of 2024, gold production in Azerbaijan increased, but copper and silver production fell.

CBA has issued a perpetual license for Mobile Payment Solutions

Clients of Azerbaijan Industrial Bank have withdrawn their deposits

Over Jan-Jun 2024, the revenues of the Azerbaijan Industrial Bank amounted to 24.8 million manats and expenses – 21.595 million manats.

Mortgage loan portfolio of this bank has increased by 9.237 million manats in 6 months

Rabitabank has released the financial report for Jan-Jun 2024.

VTB (Azerbaijan) ends 1st half of 2024 with profit

As of July 1, 2024, the net profit of Bank VTB (Azerbaijan) amounted to 4.72 million manats, and its assets - 289.5 million manats.

A bank whose operating profit grew by 4.295 million manats in 6 months - Report

Rabitabank OJSC completed the 1st half of 2024 (January-June) with net profit of 10.596 million manats.

Income of population grew by 5.3%

Over Jan-Jun 2024, nominal income of the Azerbaijani population reached 39.88 billion manats.