Currently, more than 95% of given loans are not insured

Today, more than 95% of the given loans are not insured, ABC.AZ quotes Zakir Nuriyev, the president of the Association of Banks of Azerbaijan.

Zakir Nuriyev: Life insurance creates conditions for solving problems of surety

Life insurance of individuals receiving consumer loans in Azerbaijan creates conditions for solving the problems of guarantees.

Life insurance rates to be halved

With the introduction of the latest life insurance rules approved by the Central Bank, insurance tariffs will decrease by about 50%.

A 3-month task set to banks

These insurances to lead to lower loan rates

The Central Bank is carrying out quite serious reforms in the financial sector.

Azmikroinvest’s losses increased

Non-bank credit institution Azmikroinvest LLC also ended 2023 with a loss. The credit institution suffered a loss of 32,000 manats. In 2022, its loss amounted to 12,000 manats

Exam for obtaining professional accountant's certificate to be paid

In Azerbaijan, the exam for obtaining a professional accountant's certificate will be paid.

Central Bank currency rates for 5 June

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

CBA issues an order in connection with AFB Bank

The Central Bank of Azerbaijan has issued a binding order to AFB Bank in connection with improvement of internal procedures

Bank Respublika supported the EcoVeloFest festival as part of the “Year of Solidarity for a Green World” Photo

Kapital Bank continues to support the education and development of young people

Does Accounts Chamber operate at loss? - Expenses exceed revenues

Valyuta hərracında bankların tələbi 34% azalıb

Hərracın yekunlarına əsasən manatın ortaçəkili məzənnəsi 1,7000 AZN / USD səviyyəsində formalaşıb.

Banks’ demand at currency auction drops 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 4 June

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

Monetary base in Azerbaijan has grown

As of June 1, 2024, the monetary base in Azerbaijan amounted to 19.948 bn manats.

Central Bank's currency reserves grew by $53 million for past month

Central Bank's foreign exchange reserves increased by $53 million over the past month, which is the largest monthly increase in 2024.

PSG Capital's net profit decreased

Significant impact on net profit was caused by an increase in a number of expenses of investment company PSG Kapital OJSC against the background of lower revenues.

By the support of Kapital Bank, an informative training on “Export Financing” was held

Rate of cryptocurrency owners in world reaches 562 million

A new report has shown an unprecedented increase in the popularity of cryptocurrencies.

AzFinance has published a report — Profit declined

The earnings of investment company AzFinance CJSC in 2023 differ from income for previous years. So, if so far the investment company has received more income from asset management, then in 2023 this figure has fallen sharply.