List of banks that gave more preferential loans to entrepreneurs in first 5 months

Binance exchange token has risen in price — Its owner has become the richest prisoner

After the record price of the Binance exchange token (BNB), its founder Changpeng Zhao became the richest man serving a sentence in a U.S. federal prison.

Azerbaijan's current account to be in surplus until 2028 — Forecast

The current account of Azerbaijan's balance of payments will be in surplus until 2028.

This decision on loans to have positive impact on 3 million citizens

The Central Bank has made changes to the rules regarding consumer loans. So, according to the new rules, insurance will be used in consumer lending

Central Bank currency rates for 10 June

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

Why are State Budget expenditures on social security reduced?

Social security spending is being reduced in the State Budget.

Changes made to State Budget for these reasons

The macroeconomic forecasts of the government, taking into account the price situation and other revenues in the global oil & gas market, have been updated.

Such a high budget deficit is predicted for the first time

For the first time in recent years, during the course of adjustments to the State Budget, the projected deficit has increased to such a record level.

Increase your income with high interest deposits from Kapital Bank

Amendments to Azerbaijan’s State Budget 2024 adopted in 1st reading

The draft amendments to the Law on State Budget 2024 have been discussed at the Milli Majlis plenary session.

Finance Minister: 78.8% of advances account for law enforcement agencies

Accounts Chamber’s chairman spoke about growth of accounts receivable. Speech here is about finances paid in advance.

Justified expenditures of Azerbaijan’s budget to increase by 3.3 bn manats

During the revision, budget expenditures in the amount of 852 million manats will be optimized, financial support for investment-oriented infrastructure projects, subsidizing suburban passenger transportation, etc. will be created.

In 4 months, share of non-oil/gas sector revenue in State Budget increased by 51.8%

Over Jan-Apr 2024, the share of non-oil/gas sector revenues in the State Budget of Azerbaijan increased by 51.8%, which is 1.5 p.p. more than forecast.

Milli Majlis discusses changes to State Budget

At today's plenary session of the Milli Majlis extraordinary session, the draft law on amendments to the Law on State Budget 2024 was considered in the 1st reading.

Central Bank currency rates for 7 June

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

NBCO, whose loan portfolio shrinks and net profit falls sharply — Report

The loan portfolio of the partner credit organization of the brothers Elmar and Elchin Aliyevs of NBCO Finoko OJSC in 2023, which is the main activity, decreased, and net profit reduced sharply.

Finex Kredit completed 2023 with profit of 4,166 manats

NBCO Finex Kredit completed 2023 with profit of 4,166 manats. At the same time, in 2022, its loss amounted to 644 thousand manats.

Kapital Bank to pay dividends to shareholders

On July 8, 2024, at 11:00 a.m., an extraordinary general meeting of Kapital Bank shareholders will be held.

President approved amendments to Law on Non-Cash Payments

President Ilham Aliyev has signed a document on draft amendments to certain laws in connection with implementation of the Law from December 5, 2023 #1035-VIQD "On Amendments to the Law on Non-Cash Payments".

Banks’ demand at foreign exchange auction increased by 34%

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Central Bank currency rates for 6 June

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