Growth reported on PASHA Bank’s problem loans

PASHA Bank's loan portfolio in the 3rd quarter of this year reached 3.249 billion manats, ABC.AZ informs, referring to the figures of bank's quarterly report.

Total assets of NBCOs exceed 979 million manats

As of October 1, 2024, the total assets of non-bank credit organizations of Azerbaijan amounted to 979.9 million manats.

CBA discusses with WB the opportunities of partnership expansion

The Central Bank of Azerbaijan and the World Bank have discussed preparations for a new Country Partnership Agreement for Azerbaijan and its strategic directions.

NBCOs’ expenses exceed non-interest income

For the past 9 months of 2024, NBCOs’ non–interest income totaled 84.3 million manats, expenses - 98.2 million manats, operating profit – 192 million manats, income tax payments – 32.5 million manats.

With the sponsorhip of  Kapital Bank the “Agile Azerbaijan International Summit-2024” took place

For past 9 months, NBCOs received interest income for 233 million manats

In 9 months of 2024, the non-bank credit organizations of Azerbaijan received 233 million manats of interest income.

Banks' interest income approaches to 1 bn manats

As of October 1, 2024, the interest income of Azerbaijani banks amounted to 939 million manats.

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.