Data unveiled on payments abroad via bank cards in Azerbaijan

The volume of payments abroad by bank cards in Azerbaijan increased by 5% compared with last year.

Experts recommend selling gold and buying silver

It is recommended to sell gold relative to silver, ABC.AZ reports, referring to Bank of America strategists.

Central Bank currency rates for 30 September

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

Profitability in NBCO sector has increased much

In the 1st half of 2024, the dynamics of profit growth in the sector of non-bank credit institutions is observed, ABC.AZ informs, referring to CBA financial stability report for the 1st half of 2024.

Is devaluation expected in Azerbaijan?

Azerbaijani Finance Minister Samir Sharifov has clarified the allegations that there will be devaluation in the country.

Banks’ deposit interests paid to population for 8 months made public

About 17.5 bn manats spent on restoration work in liberated lands

To date, about 17.5 billion rubles have been spent on construction and restoration work in the territories, liberated from occupation

Banks' income from interest on loans exceeded 2 billion manats in eight months

The revenues of Azerbaijani banks from loans for Jan-Aug 2024 have been published.

Kapital Bank sponsors “Agile Azerbaijan International Summit-2024”

Deposits of legal entities in banks decreased, while those of individuals increased

Despite the fact that in 2024 there was a decrease in deposits of legal entities, which are the main source of financing for the banking sector, there was a high increase in deposits of individuals.

Central Bank pursues monetary policy to regulate inflationary processes

During the 1st half of 2024, the Central Bank pursued monetary policy in the direction of regulating inflationary processes amid the improved transmission of monetary policy decisions through the interest rate channel.

Central Bank currency rates for 27 September

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

Kapital Bank finalized the placement of subordinated dollar bonds by subscription

New requirements set for members of Supervisory Board in banks with state equity stake

The Board of the Central Bank of Azerbaijan (CBA) has made changes to the Standards of Corporate Governance in Banks.

Population has deposits in banks for 14 billion manats

Populations deposits in banks of Azerbaijan has reached a historical maximum of 14 billion manats.

Non-cash card payments totaled 6.812 million manats for August

Demand of banks at foreign exchange auction has increased

The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

Number of payment cards in Azerbaijan exceeds 18.5 million cards

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 227,000 cards at the end of August compared with July and reached 18.567 million cards.

Problem loans of Azerbaijani banks decreased during the year

As of September 1, 2024, banks’ overdue loans from banks in Azerbaijan totaled 473.1 million manats (4.3% more than on August 1).

Share of credit unions and NCOs in total loan portfolio has decreased so much

The Central Bank has released the indicators in the banking sector.

China invests $142 billion in its largest banks

China is considering a possibility to inject up to 1 trillion yuans ($142 billion) into its largest state-owned banks to increase its ability to support the struggling economy