Money transfers to Azerbaijan drop by 31%

Over Jan-Feb 2024, Azerbaijan's banks received 317.9 million manats through fast money transfer systems.

Another NBCO created in Azerbaijan

The State Tax Service has registered Nas Exchange LLC.

Banks’ demand at foreign exchange auction increased by 3.5%

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

Central Bank currency rates for 2 April

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

In March, monetary base in Azerbaijan increased by 1.3%

The monetary base in Azerbaijan as of March 29, 2024 totaled 20.396 bn manats.

In March, CBA's foreign exchange reserves increased by $4.1 million

To date, the foreign exchange reserves of the Central Bank of Azerbaijan (CBA) amount to $11.654 bn, ABC.AZ reports with reference to the CBA.

Price of gold rises every day — Reason

The price of gold is rising every day.

Central Bank currency rates for 1 April

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

Lending to Azerbaijani economy has increased

Banks received 482.2 million manats of interest income on loans in two months

The revenues of Azerbaijani banks from loans for Jan-Feb have been published.

Assets of Azerbaijan's banking sector increased by 7%

As of March 1, 2024, the assets of the Azerbaijani banking sector totaled 48.735 bn manats.

Over Jan-Feb, banks' external liabilities lowered by 18%

As of February 29, 2024, the external liabilities of banks operating in Azerbaijan are estimated at 2.12 bn mantas (18.4% less than at the end of 2023)

Quantity of POS-terminals grew by 14.4%

Dynamic growth is observed in banks and payment service networks of Azerpocht LLC.

Volume of problem loans in Azerbaijan drops by 22.6% this year

As of March 1, 2024, the amount of overdue loans in Azerbaijan totaled 469.2 million mantas (3.3% more than as of February 1)

Banks increased their loan portfolio for February

Banks earned nearly 210 million manats of net profit in two months

In February, rate of bank employees grew by 245 people

The number of people employed in the banking sector increased by 1% or by 245 people up to 23,878 people.

Exports and imports based on foreign trade balance announced

Exports, based on the foreign trade balance, amounted to $29.2 bn last year, while imports - $16.4 bn.

Rate of payment cards in Azerbaijan grew by 23.7%

In Azerbaijan, the number of payment cards in circulation increased by 102,000 cards at the end of February compared with the previous month and reached 17.343 million cards.

Last year, our country received $1.5 bn from tourism

Last year, as a result of the excess of exports of tourist services ($1.5 bn) over imports ($1.1 bn), surplus (balance) of $342 million generated.

Bank loans to agricultural sector exceed 1.5 bn manats

The remaining amount of loans given by Azerbaijani banks to the agricultural sector at the end of 2023 exceeded 1.5 bn manats.