Net profit of Azerbaijani banks increased by 27.5% during the year

As of June 1, 2024, the net profit of Azerbaijani banks amounted to 519.7 million manats.

Central Bank currency rates for 8 July

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

In May, banks' net domestic assets grew by 5.6%

As of June 1, 2024, the net foreign assets of Azerbaijani banks amounted to 24.573 bn manats.

Central Bank currency rates for 5 July

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.

CBA made a decision on PashaPay

The Central Bank of Azerbaijan (CBA) has granted a license to the company of the payment system PashaPay LLC, known in the market under brands MilliÖN and m10.

“My Technology” competition successfully completed with the support of Kapital Bank

Banks reduced demand by 16.8% 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 Uzbekistan sign Memorandum of Understanding

The central banks of Azerbaijan and Uzbekistan have signed the Memorandum of Understanding.

Central Bank currency rates for 4 July

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

Central Bank to reduce discount rate to 6.5% this year - Forecast

The International Corporation of Banking & Financial Services of the Netherlands ING (Internationale Nederlanden Groep) predicts a reduction in the discount rate in Azerbaijan in 2024-2025.

AccessBank Strengthens Support for Women's Entrepreneurship in Azerbaijan Photo

Central Bank currency rates for 3 July

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

Azerbaijani president approves execution of State Budget 2023

President of Azerbaijan Ilham Aliyev has approved the Law on the Execution of the State Budget of the Republic of Azerbaijan for 2023.

Banks reduced demand at foreign exchange auction by 22.3%

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 Bank currency rates for 2 July

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

Sony prepares to launch a crypto exchange in Japan

Japanese diversified conglomerate Sony is preparing to launch a subsidiary cryptocurrency exchange, updating the local trading platform WhaleFin, which it acquired last year.

CBA's foreign exchange reserves increased by 27.6%

Trading Economics сделал прогноз по ЦБА

International economic statistics portal Trading Economics forecasted that the Central Bank of Azerbaijan (CBA) will further reduce the interest rate .

AccessBank Opens Renovated "20 January" Branch with a New Concept Photo

Tax payments on banks' profits grew by 1.3 million manats per month

As of June 1, 2024, income tax payments by Azerbaijani banks amounted to 107.4 million manats.

Interests on deposits in banks increased

While the volume of term deposits in Azerbaijan has updated its historical maximum, the indicator of their value for banks has also increased. In the whole country, there is an increase in interest rates.