AccessBank finished 1st half of 2023 with net profit of AZN 19.469 million

A bank with decline of 35% on non-interest income

VTB Bank (Azerbaijan) OJSC announces a tender

Taleh Kazimov: We have not plans to close the Iranian bank

The Central Bank of Azerbaijan sees no risks for the closure of the Baku branch of Bank Melli Iran.

Texnikabank real estate in Guba put up for auction

Azerbaijan's strategic foreign exchange reserves grew by 12.7%

Azerbaijan's strategic foreign exchange reserves reached $65.9 bn in July.

AccessBank's loan portfolio grew almost by AZN 126 million

Bank's loan portfolio exceeds AZN 1 bn

NBCOs with net profit of over AZN 2.5 million

15 out of the 52 non-bank credit institutions operating in Azerbaijan completed last year with losses.

Central Bank keeps discount rate

By the decision of the Board of the Central Bank of Azerbaijan, the discount rate has been kept at 9%.

Central Bank currency rates for 26 July

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

Number of ATMs and POS-terminals has increased

The number of ATMs installed by banks in Azerbaijan reached 3,081 cash machines as of June 30, 2023 (0.4% more than at the end of 2022).

China increases gold consumption

Gold consumption in China increased by 16.37% in the 1st half of the year compared with Jan-Jun 2022.

Russia's banking sector has grown despite sanctions

The Russian banking sector in the 1st half of 2023 received 1.7 trillion rubles of net profit, while in June it earned 314 billion rubles.

NBCOs that paid the least income tax - Report

The profit tax paid last year by 16 out of 52 non-bank credit organizations in Azerbaijan was higher than in the previous year.

Loss of credit unions in Azerbaijan has grown

Credit unions in Azerbaijan completed the 1st half of 2023 with net loss of AZN 400,000 (4-fold more versus Jan-Jun 2022)

Azerpocht chairman of board: Problems with currency exchange

Problems related to currency exchange are most often found in small branches of Azerpocht LLC

NBCOs that pay most of all income tax - Report

19 out of the 52 non-bank credit organizations (NBKOS) in Azerbaijan did not pay income tax last year.

Bank’s property to be put up for re-sale

Banks increase demand at currency auction by 43.6%

Following the currency auction on July 25, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Companies’ deposits in this bank reduced by AZN 1.2 million - is bank going to bankruptcy?