Central Bank raised discount rate

The Central Bank of Azerbaijan (CBA) has raised the discount rate by 25 basis points to 8.75%.

What is situation in UK banking system?

British Deputy Finance Minister for Economic Affairs John Glen made a statement against the background of the crisis of Swiss bank Credit Suisse and the bankruptcy of Silicon Valley Bank (U.S.).

Demand of banks at currency auction on 28 March has doubled

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

VAT amount returned within VAT Return Project in Nakhchivan published

Credit Suisse merges with UBS    

Azerbaijan to announce tomorrow a decision on parameters of interest rate corridor 

Cause of bankruptcy of Silicon Valley Bank unveiled

Manat exchange rate for March 28 

Fed may return to method of raising interest rates

Arab who failed Credit Suisse resigns as financier

Change of bank's management - Alish Tagiyev resigns from his post

Central Bank to decide on discount rate

Exchange rate of manat for today

Azerbaijani financial sector assets grew by 17% last year

As of 1 January 2023, the assets of the financial sector of Azerbaijan amounted to AZN 61.6 bn

VTB (Azerbaijan) is at the service of customers even on holidays!

ECB raises base rate

Following the meeting on Thursday, the European Central Bank (ECB) raised the base rate by 50 basis points to 3.5%.

Fed's balance sheet grew by $300 bn in a week

The Fed published the balance sheet last week.

Central Bank currency rates for 17 March

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

Banks with decreasing net profit

Out of the 25 banks operating in Azerbaijan, 18 ones had large (net) profit last year compared with the previous year.

Banks with net profit of over AZN 100 million

Of the 25 banks operating in Azerbaijan, one bank ended last year with losses.

Azerbaijani banks predict growth in demand for business loans

Azerbaijani banks predict an increase in demand for business loans in the 1st quarter of this year.