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.

CBA rep: About 100 cybercrime cases are blocked per year

About 100 cybercrime cases and fake pages are blocked a year.

Share of NBCOs in financial sector has increased, but their role in mediation is still small

Despite the fact that the share of non-bank credit organizations in the assets of the financial sector in Azerbaijan is growing, their role in financial intermediation is still small.

A new microfinance model to be created in Azerbaijan

It is planned to create a new microfinance model in Azerbaijan.

NBKOs expand faster than banks

The assets of non-bank credit organizations in Azerbaijan should exceed 1 billion manats.

Avalanche presents Visa payment card

Jalal Aliyev: Introduction of digital platforms helps increase financial inclusion

Increasing financial inclusion of households in Azerbaijan will contribute to development of the financial sector.

Use of ‘green finance’ is of great importance for increasing economic growth

There is a need for widespread use of alternative financial instruments, such as factoring, in Azerbaijan.

Osman Khaliyev: In 2024, 76% of concessional loans were granted to the regions

The Entrepreneurship Development Fund has given more than 50,000 concessional loans in the amount of $3.2 billion in accordance with social development programs in the country.

Agency’s chair: Emergence of innovative solutions forms new startups

The emergence of innovative solutions means development of startups.

Share of microfinance in formation of loan portfolio in 3rd quarter reaches 630 million manats

Microfinance has a special place in our economy in Azerbaijan.

Central Bank currency rates for 23 October

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

Silver production in Azerbaijan has sharply decreased

Azerbaijan extracted 2,308 tons of silver for Jan-Sept 2024.

Ekolizinq's profit declined by 30% for 2023

Ekolizinq LLC has announced its financial position for 2023.

Banks’ demand at currency auction drops by 25.3%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Falcon Finance's interest income has fallen sharply

Non-bank credit organization Falcon Finance LLC announced net profit for the first 6 months of 2024 in the amount of more than 421,000 manats.

Central Bank currency rates for 22 October

Number of suspicious financial transactions in Azerbaijan increased by 31.8%

In 2023, Azerbaijani banks submitted reports to the Financial Monitoring Service on 1,393 transactions that they considered suspicious.

ECB staff demanded to legally limit price of bitcoin

The staff of the European Central Bank demanded to legally limit the price of bitcoin. An increase in its price leads to "impoverishment of those who do not own it", and this increases the threat of a split in society.

Putin's "plan" to destroy dollar system becomes known

Putin will strike the dollar this week, ABC.AZ reports, referring to The Economist.

List of banks with the highest growth in interest income

The names of the banks with the highest growth in interest income in Azerbaijan have become known.