Preferential loans for about AZN 1.4 million given to entrepreneurs in Nakhchivan

The Entrepreneurship Development Fund and the Ministry of Economy of the Nakhchivan Autonomous Republic held meetings with five authorized credit organizations of the Fund.

Capital of NBCOs of Azerbaijan increased more than by 43%

Azerbaijani NBCOs’ liabilities grew by AZN 114 million

Central Bank currency rates for 31 October

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

Number of contactless payment cards in Azerbaijan grew by 27%

An increase in the number of contactless payment cards has been recorded in Azerbaijan.

Volume of subsidies to be reduced by 38% — forecast for 2024

In 2024, 1.045 billion manats are projected to be allocated from the State Budget for subsidies in 48 areas (structural and unallocated expenditures).

Binance's share in cryptocurrency market drops to 50%

The share of trading volume on the Binance cryptocurrency exchange fell from 74% in December 2022 to 50%.

Central bank begins introducing new rules for banks from December 1

From December 1, 2023, the Central Bank of Azerbaijan begins to apply new rules for managing banks' liquidity risks.

Entrepreneurs can now open an account with Birbank Biznes using facial recognition  

Central Bank currency rates for 30 October

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

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.