Decline recorded on number of debit card transactions in Azerbaijan

A decrease in the number of debit card transactions has been reported in Azerbaijan.

Azerbaijan reports growth on volume of debit card operations by 51%

An increase in the volume of debit card transactions has been recorded in Azerbaijan.

In 9 months, Azerbaijani banks increased lending in Nakhchivan

The banks and non-bank credit organizations operating in the Nakhchivan Autonomous Republic gave loans for totally AZN 294.3 million for Jan-Sept 2023 (38.2% more versus Jan-Sept 2022).

Banks with decreasing loan portfolio

The loan portfolio of three out of the 24 banks operating in Azerbaijan, as of October 1, 2023, was less than the annual one.

Banks with loan portfolio of over AZN 1.5 bn

The loan portfolio of four out of 24 banks operating in Azerbaijan exceeded AZN 1.5 bn as of October 1, 2023.

Russian central bank raised key rate

The Bank of Russia raised the key rate by 2 basic points at once, to 15% per annum, indicating a significant increase in the current inflationary pressure.

Wealth of Binance’s head reduced almost by $12 billion per day

The amount of capital of Changping Zhao, co-founder and CEO of Binance (the world’s largest crypto exchange), fell by 82% - from maximum of $96.6 billion in January 2022 to $17.3 billion.

Rate of mobile banking operations observes growth in Azerbaijan

An increase in the number of mobile banking operations has been recorded in Azerbaijan.

Azerbaijan records decline on Internet banking operations

A decrease in the number of Internet banking transactions has been recorded in Azerbaijan

Banks’ loan portfolio has grown on real estate sector

Central Bank currency rates for 27 October

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

Bank ABB Unveils 2022 Sustainability Report

Lending to real sector in Nakhchivan grew more than by 35%

35.4% or AZN 104.3 million of loans given by banks and other credit organizations of the Nakhchivan Autonomous Republic for Jan-Sept 2023 were directed for development of the real sector in the region.

Central Bank of Türkiye raised discount rate to 35%

Today, the Central Bank of Türkiye announced a decision on the interest rate.

Interest in card to card payment transactions has grown much in Azerbaijan

Card to Card payment transactions have become actively used in banking services in Azerbaijan.

Memo signed between Central Bank and Service for Special Communications & Info Security

The Memorandum of Understanding has been signed today between the Central Bank of Azerbaijan and the State Service for Special Communications & Information Security.

Taleh Kazimov: Transition to open banking and then to open financing is CBA goal

For the past 9 months of 2023, transactions carried out through Internet banking increased by 15% versus Jan-Sept 2022 and reached 172 billion.

Visa to provide support to women entrepreneurs in Azerbaijan

In the coming years, Visa will provide support to women entrepreneurs in Azerbaijan.

Volume of problem loans in Azerbaijan lowered by 20%

As of October 1, 2023, the amount of overdue loans in Azerbaijan amounted to 519.8 million manats.

Ruslan Talibov: Share of non-cash transactions in Azerbaijan reaches 54%

The sphere related to fintech is developing in Azerbaijan.

CBA and Service of Special Communication & Info Security to sign memorandum