VTB (Azerbaijan) has reduced the interest rate on cash loans to 10.49% per annum

Budget revenues from Customs Committee increased

Birbank team has won the Azerbaijan Championship

CBA approves Rules for organization of work with payment agents

The Board of the Central Bank of Azerbaijan has approved the Rules for the organization of work with payment agents,

Central Bank currency rates for 29 January

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

Cyber resilience in financial markets to be strengthened

The cyber risk management culture will be strengthened in the financial markets.

Weight of non-cash payments on card transactions to grow up to 70%

It is planned to increase the weight of non-cash payments in card transactions in Azerbaijan from current 55% to potentially 70%.

Dependence on pawnshops in Azerbaijan to decrease

Share of digital transactions in capital market to be increased up to 70%

It is planned to increase the share of transactions carried out by digital means in the total amount of transactions from current 0% to 70% in the capital market of Azerbaijan.

Business loans to be brought to this limit — CBA new strategy

Population’s investments in capital market to be increased up to 1 bn manats

In Azerbaijan, it is planned to increase investments of the population in the capital market from the current 150 million manats to potentially 1 billion manats.

Central Bank to hold a meeting next week - a decision on interests to be made

The Central Bank's leadership will hold its first meeting in 2024 to review interest rates.

Central Bank currency rates for 26 January

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

Fitch Solutions: CBA lowers discount rate to 7%

List of banks with growing and shrinking business loan portfolio in Azerbaijan

In 2023, the portfolio of business loans of Azerbaijani banks amounted to 12.67 bn manats.

Population’s deposits sharply decreased in Naxçıvanbank

Premium Bank gave a loan for 2.5 million manats to a person with insufficient income

In Azerbaijan, the bank has given a large-scale consumer loan to a citizen with insufficient official income.

Banks’ demand at currency auction declined by 2.5%

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

Rate of transactions with Azerbaijani cards in Türkiye published

The volume of transactions with Azerbaijani cards in Türkiye reaches about $2 bn a year.

Central bank to issue licenses online 

Central Bank currency rates for 25 January

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.