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.

Banks' demand for foreign currency drops by 20.6% 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.

Central Bank currency rates for 16 March

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

Azerbaijan has published data on number of NBCO branches

As of 1 January 2023, there were 287 branches of non-bank credit organizations (NBCOs) in Azerbaijan.

VTB (Azerbaijan) organized an event "Connection of generations" for children and the elderly

Moody's downgrades its forecast on U.S. banking system

Rating agency Moody's has downgraded its outlook on the U.S. banking system to negative after the bankruptcy of Silicon Valley Bank (SVB) and Signature Bank

Central Bank currency rates for 15 March

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

NBCO reduces its authorized capital

Non-bank credit organization Azinvestkredit (TIN: 1502275131) sharply reduces the authorized capital.

Pension funds around the world lose millions for collapse of SVB

Banks increase demand 3.4-fold 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.

Bitcoin has grown by 24% in 3 days

The growth of cryptocurrencies continues today, with the consequences of the SVB crisis, which is under control, and the change in expectations of the Fed.

Central Bank currency rates for 14 March

Azerbaijani 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.

A bank went bankrupt in U.S. – gold rose sharply in price

The bankruptcy of Silicon Valley Bank in the U.S. had a very serious impact on the markets.

CBA and World Bank mull development of new country strategy for Azerbaijan

Taleh Kazimov, the Governor of the Central Bank of Azerbaijan, has met with Dominique Favre, the Executive Director of the Constituency Group at the World Bank

Central Bank currency rates for 13 March

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