Taleh Kazimov: Central Bank attaches great importance to transparency

This year has been significant for us. Today, Azerbaijan, like the countries of the world, is facing challenges related to climate change.

Last year, Kapital Bank's total assets grew by 11%

Kapital Bank to open a branch in Khankendi

UK’s gold mining company suffers losses in Azerbaijan

The earnings of British company Anglo Asian Mining PLC, which produces precious and non-ferrous metals in Azerbaijan, fell sharply after the environmental scandal last year and suffered losses as a result.

New appointment to management of Bank VTB (Azerbaijan)

Ilham Gafarov has been appointed an independent member of the Supervisory Board of Bank VTB (Azerbaijan).

Central Bank currency rates for 17 May

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

New appointment at Azerbaijan’s Central Bank

The Department of Financial Technologies and Innovation was established at the Central Bank of Azerbaijan (CBA).

Banks acquired almost $45 million at a foreign exchange auction

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

Banks shift most of their obligations to customers to minimize losses

Employees of the legal departments of Azerbaijani banks draw up contracts with such professionalism that most of the obligations fall on customers.

Central Bank currency rates for 16 May

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

Cases of fraud with digital payments to be prevented

Azerbaijan is developing a sustainable plan to combat fraud in the field of digital payments.

In 3 years, El Salvador has mined almost 474 bitcoins thanks to volcanic energy

Since 2021, 473.5 bitcoins for about $29 million have been mined in El Salvador at a state geothermal power plant using volcanic energy, ABC.AZ reports, referring to Reuters.

Nuriyev: Existing payment ecosystem should be deepened

The technology of open banking in Azerbaijan should ensure provision of payment services based on the technology of open banking in Azerbaijan.

Over 20 organizations applied for licences to central bank

More than 20 payment and electronic money organizations have applied for a license to the Central Bank of Azerbaijan (CBA) to date.

Changes made to procedure for giving student loans

Changes have been made to the procedure for giving educational student loans at the expense of the Student Loan Fund.

Internet banking operations grew by 18%

The volume of internet banking transactions in Azerbaijan increased by 18% in the first quarter of 2024 versus Q1 of 2023 and exceeded 59 bn manats (over $34.7 bn).

Central Bank currency rates for 15 May

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

Banks’ demand increased by 42.6% at currency auction

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 banks of Azerbaijan and Kyrgyzstan sign Memorandum of Understanding

Central banks of Azerbaijan and Kyrgyzstan have signed the Memorandum of Understanding.

AccessBank announces an increase in interest rates on dollar deposits

Central Bank currency rates for 14 May

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