Foreign exchange market is stable

Taleh Kazimov: Policy of neutral discount rate is in range of 6-7%

CBA’s calculations show that the neutral discount rate is in the range of 6-7%.

Are closed banks’ deposits returned on time?

What will be fate of Naxçıvan Bank?

There are no problems with the financial condition of Naxçıvan Bank

Get 10% cashback on your first purchase with Birbank installment card

Taleh Kazimov: Current account balance at end of this year to be $7 bn

The Chairman of the Central Bank, Taleh Kazimov, announced the projected current account balance for the end of 2024.

Central bank reduces inflation forecast

The Central Bank of Azerbaijan (CBA) reduced the inflation forecast for 2024 (April forecast: 3.5% for 2024 and 4.2% for 2025).

Central Bank lowers discount rate

The Board of the Central Bank of Azerbaijan (CBA) has decided to reduce the discount rate by 0.25 percentage points - from 7.5% to 7.25%.

Central Bank currency rates for 1 May

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

In three months, deposit portfolio of banks increased by 0.8%

As of April 1, 2024, the deposit portfolio of Azerbaijani banks amounted to 34.812 bn manats (262.7 million manats, or 0.8% more than at the end of last year)

Banks increased demand by 2.25% 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.

EDF deposits in banks increased by 28.6%

NBCOs' staff in Azerbaijan reaches 3,400 people

The number of employees of non-bank credit organizations (NBCOs) operating in Azerbaijan as of March 31, 2024 amounted to 3,400 people.

Central Bank begins to introduce special regulatory regime

The introduction of special regulatory regime in Azerbaijan begins on May 1.

Central Bank currency rates for 30 April

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

Banks with high interest expenses - List

The names of the banks with the highest interest expenses in the first quarter of this year have become known.

Banks with loan portfolio exceeding 1 bn manats

The names of the banks that had the largest portfolio of business loans in Azerbaijan in the 1st quarter of this year have become known.

TuranBank has opened a correspondent account in US dollars with Habib American Bank

Central bank to make a decision on interests this week

On May 1, the Board of Directors of the Central Bank makes the third decision of 2024 on the discount interest rate.

Central Bank currency rates for 29 April

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

Deposits in Azerbaijani banks lowered