US dollar gets cheaper against major currencies

On Tuesday morning, the dollar is falling against other major world currencies. Markets are looking forward to the US inflation data to be published on Wednesday.

Banks’ demand at currency auction doubled

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

Cause of decline on number of NBCOs in Azerbaijan unveiled

The Central Bank has commented that after a 4-year break, the number of non-bank credit institutions in Azerbaijan began to decrease again.

Financial flow to Azerbaijan grew by 6.5% in 2nd quarter of 2023

The financial flow to Azerbaijan amounted to AZN 29.2 bn for Q2 of 2023 (6.5% more versus Q2 of 2022)

Central Bank currency rates for 11 July

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

MP: Negative trends in Russian economy are expected to deepen

Banks' intangible assets decreased in six months

As of June 1 of this year, the intangible assets of Azerbaijani banks amounted to AZN 144.3 million (0.9% less than on June 1, 2022).

Number of loans given by banks to customers has increased

As of June 1, 2023, the net loans given by Azerbaijani banks to customers amounted to AZN 19.428 bn (15.1% more than on June 1, 2022).

MPs: Loans are not available in regions

76% of loans given by commercial banks in Azerbaijan account for Baku, so loans are not available in the regions

ABA chairman: Volume of problem loans sharply falls

The current volume of problem loans of the banking sector in Azerbaijan is less than AZN 500 million.

MP: number of appeals to banking ombudsman has sharply reduced

The number of appeals to the banking ombudsman is decreasing every year, ABC.AZ reports, quoting Zahid Oruj, the head of the Center for Social Research.

NBCOs with largest loan portfolio in Azerbaijan - List

Azerbaijan has published the list of non-bank credit organizations with the largest loan portfolio in the country.

Central Bank currency rates for 10 July

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

Fed's interest rate policy makes gold cheaper

Fed’s expectations to raise interest rates also devalued gold for the fourth week in a row.

Central Bank currency rates for 7 July

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

New rights in relation to banks granted to Central Bank

In order to ensure macroeconomic stability in the country, sustainability of financial markets, the Central Bank will have the right to pay interests to credit institutions on the mandatory reserves.

Banks' finances in Central Bank reduced

Does Central Bank change license issuing procedure?

The new powers are granted to the Board of the Central Bank of Azerbaijan.

AccessBank's Management Board has a new appointment

Fed: Interest rate hikes to be slower this year

The U.S. Federal Reserve System (FRS; Fed), acting as the country's central bank, intends to raise the base interest rate at a slower pace than in recent months.

Banks lower demand by 60.7% 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.