Central Bank currency rates for 25 July

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

Number of NBCOs’ problem loans has risen - Report

The non-bank credit organizations of Azerbaijan increased their loan portfolio by 13% in the 1st half of 2024

Banks' interest expenses on deposits grew by 118.5 million manats

In the first 6 months of 2024 (January-June), the interest expenses of Azerbaijani banks on deposits amounted to 407 million manats.

Total balance sheet capital of Azerbaijan's credit unions reduced by 4%

In the first half of 2024, the total balance sheet capital of Azerbaijan's credit unions amounted to 9.1 million manats.

Special campaign for individual entrepreneurs seeking micro business loans from Birbank Biznes

NBCOs’ loan portfolio grew by 37% and banks' loan portfolio by 19.4%

In the 1st half of 2024, the loan portfolio of the NBCOs of Azerbaijan amounted to 681.6 million manats.

Assets of credit unions of Azerbaijan lowered by 700,000 manats

In the 1st half of 2024, the total assets of Azerbaijan's credit unions amounted to 12.4 million manats.

Mir cards to operate in Iran

Central Bank currency rates for 24 July

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

NBCOs’ obligations grew by 33%

In the first half of 2024, NBCOs’ liabilities in Azerbaijan amounted to 479.9 million manats.

Another update from Birbank Biznes: Order payments now available on the mobile App

In June, deposits of individuals in banks grew by 480.7 million manats

In June 2024, the deposits of individuals in banks (term + current) increased by 3.6% or by 480.7 million manats.

Banks’ loan portfolio of banks increased by 271.3 million manats for June

In June 2024, the loan portfolio of banks observed growth by 1.1%, or by 271.3 million manats, up to 25.429 billion manats.

Banks’ demand at foreign exchange auction grew by 2.2%

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Quantity of bank cards in Azerbaijan has exceeded 18 million

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 224,000 cards by the end of June compared with last month and amounted to 18.91 million cards.

Assets of Azerbaijan's banking sector exceed 50 billion manats

As of July 1, 2024, the assets of the Azerbaijani banking sector amounted to 50.328 billion manats.

Rate of employees in banking sector observed a rise for June

Banks paid 124.1 million manats of income tax for past 6 months

Over Jan-Jun 2024, Azerbaijani banks generated net profit of 614 million manats and operating profit of 875.5 million manats.

Another NBCO has passed state registration

The State Tax Service under the Ministry of Economy has carried out the state registration of non-bank credit organization E-Kredit, established on the basis of Nakhchivan Bank OJSC (under liquidation).

In China, 40 banks have gone bust in a week

China's banking sector is experiencing a serious crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank of China further exacerbated the sector's problems. Experts warn that the situation could have serious consequences for the global economy.

Central Bank currency rates for 23 July

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