Number of payment cards grew by 18% in March

The number of payment cards in circulation in the banking system at the end of March increased by 226,000 cards against last month up to 13.88 million cards.

Rate of bank employees increased for March

As of March 31, 2023, 25 banks numbered 491 branches, 94 sub-branches and 2,996 cash machines

Central Bank currency rates for 3 May

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

By June, U.S. may exhaust emergency measures due to reaching debt ceiling

The U.S. authorities may exhaust emergency measures in connection with achievement of the debt ceiling as early as June 1.

Monetary base in Azerbaijan has increased by 0.9% for Jan-Apr

As of May 1, 2023, the monetary base in Azerbaijan amounted to AZN 17.609 bn.

CBA's foreign exchange reserves increased by 2.2% for Jan-Apr

As of May 1, 2023, the foreign exchange reserves of the Central Bank of Azerbaijan amounted to $9.189 bn.

Demand at currency auction grew by 50%

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

Australian Central Bank raises base rate to 3.85%

The Reserve Bank of Australia (RBA) raised on Tuesday its key interest rate by 25 basis points (b.p.) to 3.85% per annum.

Central Bank currency rates for 2 May

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

Precious metals and cryptocurrencies may enter an uptrend again

Thanks to Fed's steps, precious metals and cryptocurrencies, which have been stagnating for some time, can re-enter a new upward trend.

How did Credit Suisse go bankrupt?

Credit Suisse, one of the largest banks in Europe and Switzerland, went bankrupt and was bought by USB.

Access2Success-2: Last 3 days left to deadline

Birbank cardholders earned AZN 5.1 million cashback in April  

Central Bank currency rates for 1 May

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

Companies withdrew over AZN 2 bn from banks

As of January 1, 2023, legal entities’ deposits in banks amounted to AZN 22.279 bn. In the first 3 months of 2023, the deposits of legal entities in banks decreased by 10.2% or by AZN 2.65 bn to AZN 20.2 bn.

IMF urges ECB and Bank of England to be cautious when raising rates

The International Monetary Fund (IMF) believes that the ECB and the Bank of England should exercise caution when raising rates, taking into account potential dangers ranging from increased financial stress to divergence in bond yields

Bank Respublika was awarded the "RBI STP Quality Award 2022" by Raiffeisen Bank International

AccessBank's deposit portfolio approaches to AZN 1 bn

AccessBank's revenues increased by 45%

AccessBank’s total revenue in the 1st quarter of this year grew by 45%, or by AZN 14.4 million against Q1 of 2022 and reached AZN 47 million.

VTB Bank (Azerbaijan) OJSC  announces tender

Central Bank currency rates for 28 April

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