Rate of Central Bank of Türkiye remained at 50%

The Monetary Policy Committee of the Central Bank of Türkiye decided to keep the interest rate at the same level of 50%, according to regulatorəs press release.

Kazakhstan to simplify work of foreign banks

Number of cryptocurrency owners in world reaches 617 million

There are about 617 million cryptocurrency owners and 30-60 million monthly active users in the world, excluding bots and temporary addresses.

Fitch Ratings: Banks in Azerbaijan target less risky and more profitable retail loans

The Azerbaijani banking sector’s financial profile has strengthened materially since 2017, supported by reduced dollarisation and less pressure on capitalization from legacy asset-quality risks

Banks in Azerbaijan reduced demand at currency auction by 20.3%

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

Licenses of two audit companies revoked

The Chamber of Auditors revoked the licenses of two audit companies.

Gold is close to a new record amid U.S. elections and Fed rates

Gold has once again rushed to new records, anticipating an intense struggle for the US presidency

Finance Ministry comments on increase of Azerbaijan's State Budget 2025

The Ministry of Finance has commented on the increase of Azerbaijan's state budget revenues and expenditures for 2025 by 1.74 billion manats ($1.02 billion) compared to the initial draft.

NBCO Finans Kredit decreased – assets reduced

Non–bank credit organization Finans Kredit LLC earned interest income of 353,000 manats and net profit of more than 133,000 manats in the first half of 2024.

Central Bank currency rates for 17 October

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.

Gold production in Azerbaijan has started to grow

Gold production in Azerbaijan in the 3rd quarter of 2024 reached 1,752.1 kg or about 61,803.51 troy ounces.

Forecast on State Budget 2025 revenues and expenditures

State Budget defense spending to be distributed as follows in 2025

Next year, defense and national security expenditures in the State Budget will amount to 8,396,297,596 manats.

Azer-Turk Bank reports decline on population’s deposits and rise on legal entities’ deposits

Azer-Turk Bank released its financial statements for Q3 of 2024.

Their share to be 1% in formation of State Budget for 2025

According to forecasts, in 2025, 392.6 million manats, or about 1% of Azerbaijan State Budget revenues accounted for income from property tax of legal entities.

The winner of the 150,000 AZN prize in Kapital Bank's 150th anniversary lottery has been announced

Subsidies to Nakhchivan reduced

The upper limit of subsidies from the State Budget of Azerbaijan to the budget of the Nakhchivan Autonomous Republic for 2025 has been reduced

Forecast for 2025 on personal income tax increases

In 2025, 5.2% of Azerbaijan State Budget revenues, or 1.989 million manats, will be provided with income tax receipts from individuals.

SOFAZ transfers to State Budget grew by 13.3%

A bank whose assets are reduced – Report

From January to September 2024, Premium Bank's non-interest income fell from 13.668 million manats to 12.75 million manats.

Price of gold bars to increase by 10%

The price of gold is expected to reach record levels next year.