Russian payment system Mir has failed

In six out of the nine countries in which Russian payment system Mir operated, banks refused to support it amid the threat of sanctions from the U.S.

Six banks’ interest-free income exceeds AZN 30 million for Jan-Sept

The non-interest income of six out of the 26 banks operating in Azerbaijan exceeded AZN 30 million for the first 9 months 2022.

Central Bank currency rates for 23 November

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

PASHA Bank’s personnel increased by 144 people in 1st half of 2022

PASHA Bank announced the results of operations for the 1st half of 2022.

Banks with interest income of over AZN 100 million

Five out of the 26 banks operating in Azerbaijan for Jan-Sept 2022 had interest income of more than AZN 100 million.

Banks with reduced interest income

The interest income of four banks out of 26 operating in Azerbaijan for Jan-Sept 2022 was low compared with Jan-Sept 2021.

PASHA Bank increased employee expenses more than by AZN 4 million

The largest corporate bank of Azerbaijan, PASHA Bank, has increased expenses for employees.

Azerbaijan’s bank plans to open a branch in Shusha

It is possible to open a branch of PASHA Bank in Shusha.

Banks increase demand at currency auction by 13%

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

Interest income of five Azerbaijani banks exceeded AZN 100 million

Five out of the 26 banks operating in Azerbaijan had interest income of more than AZN 100 million for Jan-Sept 2022.

JPMorgan recognized as most systemic bank in world

The Financial Stability Board (FSB) has published an annual list of banks that play the most important role in the proper functioning of the global financial market.

Central Bank currency rates for 22 November

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

VTB (Azerbaijan) cuts interest rates on cash loans to 13%

Yapı Kredi Bank Azerbaijan CJSC has become the first bank in the Republic of Azerbaijan to receive international certificate ISO 14001:2015

Banks with decreased operating profit

Over the first 9 months of this year two out of 26 banks operating in Azerbaijan had low operating income compared with the 2021 same term.

List of banks with operating income of over AZN 150 million for Jan-Sept

The operating income of four out of the 26 banks operating in Azerbaijan for the first 9 months of 2022 exceeded AZN 150 million.

VTB (Azerbaijan) supported the «Qalaalti trail» running competition

Central Bank currency rates for 21 November

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

Banks with increased authorized capital

Banks with authorized capital of over AZN 300 million

Five out of the 26 banks operating in Azerbaijan had authorized capital of more than AZN 300 million as of 1 October 2022.

Forecast: US dollar to rise in price