Did banks' external liabilities decrease in January?

As of the beginning of the year, the external liabilities of the banking sector in Azerbaijan declined by 102 million manats in January, but were higher compared with 2023.

Banks received 99.6 million manats of net profit in January

Azerbaijan has reported on number of bank employees

As of January 31, 2024, 23 banks numbered 475 branches, 104 sub-branches and 3,044 cash machines.

Data unveiled on banks' assets

As of February 1, 2024, the total assets of banks in Azerbaijan amounted to 49.296 bn manats, total liabilities – 43.144 bn manats, balance sheet capital – 6.15 bn manats.

Banks increased profit from exchange rate difference in 2023

In 2023, Azerbaijani banks bought the US dollar at an average of 1.6945 manats, and sold at 1.7020 manats.

Money transfers to Azerbaijan from abroad observed decline for 2023

The money transfers received in the country in 2023 continued to exceed the pre-pandemic level, but was lower than a year earlier.

Demand decreased by 2.8% at currency auction

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

Birbank Business: making your business life comfortable and swift

Liquidation of this bank completed in Azerbaijan for the first time

For the first time in Azerbaijan, the Deposit Insurance Fund has finished the liquidation of a bank in the process of liquidation.

Central Bank currency rates for 27 February

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

Central Bank’s indication in connection with Premium Banking

The Central Bank has issued a "mandatory order" in connection with Premium Bank OJSC.

Central Bank currency rates for 26 February

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

1362 kg of unuseful household batteries collected within “Recycle batteries, protect nature” project

Central Bank currency rates for 23 February

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

ING declares forecast on Central Bank of Azerbaijan

The International Corporation of Banking & Financial Services of the Netherlands ING (Internationale Nederlanden Groep) has lowered the forecast on monetary policy in Azerbaijan by 0.5 percentage points.

Birbank Business introduces “Maestro” tariff offering 65% discount

Banks’ demand at currency auction grew by 5.4%

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

Azerbaijan closes access to OKX and ByBit cryptocurrency exchanges

Access to cryptocurrency exchanges OCX and ByBit has been closed in Azerbaijan.

Central Bank currency rates for 22 February

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

Birbank unveils Novruz special: “Hədiyyəli çərşənbələr” campaign

Azerbaijan endorsed procedure for test purchases of financial services

The Board of the Central Bank has approved the "Procedure for the purchase of financial services (products) for testing purposes".