Banks’ demand at currency auction drops by 2.6%

Following today's auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Azerbaijan cuts tax rate on dividend income to 5%

One of the important changes in the direction of reducing the tax burden on business and stimulating entrepreneurial activity is the reduction of the tax rate on dividends.

The final draw of Birbank's "10,001 Gifts" lottery has concluded: the owner of the apartment has been identified

CBA to use artificial intelligence

Banks and Azerpocht to work on holidays

Azerbaijan's strategic currency reserves exceed $68 bn

The current account surplus of Azerbaijan's balance of payments for the first 9 months of 2023 amounted to $6.7 bn, or 12.5% of GDP.

Central Bank currency rates for 28 December

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

Banks received 3.177 bn manats of interest income

Banks received 2.336 bn manats from loans to customers

10 branches of banks closed in Azerbaijan this year

In November 2023, the number of bank branches in Azerbaijan reached 474 branches (10 branches (2.1%) less versus November 2022.

CBA is exempt from customs duties

AccessBank and BlueOrchard: new milestone of development with the USD 10M loan to support the small businesses in Azerbaijan

Central Bank currency rates for 27 December

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

Money transfers in Azerbaijan reduced by 58% for Jan-Nov

Azerbaijani banks received 2.267 billion manats through fast money transfer systems.

Deposit interest rates increase in Azerbaijan

The profitability of recently attracted bank deposits has increased in Azerbaijan, ABC.AZ reports, referring to CBA’s statistical bulletin.

Azerbaijan changes procedure of taxation of income on deposits

Starting from 2024, the procedure of taxation of interest income on bank deposits is likely to change in Azerbaijan.

World’s banks sacked over 60,000 officials in 2023

Twenty of the world’s biggest banks cut at least 61,905 jobs in 2023

Demand at CBA currency auction drops by 11%

Following today's auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Assets of banks in Azerbaijan dropped by 1.9%

As of December 1, 2023, the assets of the Azerbaijani banking sector amounted to 46.172 billion manats.

Number of bank cards has grown by 355,000 – Report

Banks' loan portfolio observed growth for November

The banks' loan portfolio increased by 1.9%, or by 421.5 million mantas, reaching 22.88 billion mantas in November 2023.