In 2023, money transfers in Azerbaijan decreased

In 2023, Azerbaijan received 2.468 bn manats through fast money transfer systems

Azerbaijan reports growth of Internet banking operations by 13%

Bank whose interest expenses grew last year – Report

Over the past year, both interest income and interest expenses of Ziraat Bank Azerbaijan have increased.

Microentrepreneurs owe over 2.6 bn manats of loans to banks

The portfolio of business loans in Azerbaijan at the end of December 2023 amounts to 12.617 bn manats.

These organizations also to be able to give loans in Azerbaijan

In Azerbaijan, payment and electronic money organizations will be able to give loans to persons using their services.

Foreigners' interest in manats grows in Azerbaijan

The interest of foreigners in the manat is growing in Azerbaijan, and the volume of deposits in the manat has reached 400 million manats.

Head of the bank, who lags behind in most indicators, replaced

The management of Premium Bank has been replaced, which has recently seen a decline in some indicators.

Capital requirements for payment and electronic money organizations established in Azerbaijan

The Board of the Central Bank has approved the Procedure of organization & implementation of activity by payment organizations and electronic money organizations.

Central Bank currency rates for 24 January

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

Number of POS-terminals in Azerbaijan exceeds 86,000

As of December 31, 2023, the number of ATMs installed by banks in Azerbaijan is 3,112 (1.4% more than at the end of 2022).

Central Bank reveals shortcomings in work of AzeriCard

The Central Bank of Azerbaijan has completed inspections in connection with the incident that occurred on January 6, which caused disruptions in bank card transactions.

Banks paid 600 million manats of deposit interests to population for 2023

In 2023, Azerbaijani banks paid interests on attracted deposits in the amount of 596 million manats.

Last year, Kazakhstanis bought 1.6 tons of gold bullion

Banks' interest income on loans grew by 17.3%

The Central Bank of Azerbaijan has published data on the revenues of Azerbaijani banks from loans for 2023.

NBCOs’ net profit amounted to about 76 million mantas in 2023

State Budget allocated 5.6 bn manats in 2023 for restoration of liberated lands of Azerbaijan

Problem loans in Azerbaijan declined by 26%

As of January 1, 2024, the amount of overdue loans in Azerbaijan totaled 437.8 million manats.

Banks’ demand at foreign exchange auction drops by 24.3%

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

Banks’ loan portfolio exceeded 23 bn manats

In December, the loan portfolio of banks increased by 1.3%, or by 301.7 million manats, up to 23.18 million manats.

Azerbaijan unveils quantity of bank cards

Azerbaijani banks completed 2023 with net profit of 1.08 billion manats

In Azerbaijan, the banks received 1.076 bn manats of net profit in 2023.