NBCO with authorized capital of AZN 20,000 under liquidation

The liquidation of Universal Kredit LLC has been announced.

Top 5 of banks in Azerbaijan on operating profit

The operating profit of five out of Azerbaijan's 26 banks in the 1st quarter of 2022 exceeded AZN 35 million.

Ruble falls against US dollar and euro

Exchange rate of Azerbaijani manat for 3 June

The CBA informs that the 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.

Mastercard appoints new General Manager for Azerbaijan and Turkiye

MasterCard International Payment Company has appointed a new General Manager for Azerbaijan and Turkiye.

Authorized capital of 4 banks has increased in Azerbaijan

The authorized capital of four of the 26 banks operating in Azerbaijan exceeded the annual figure as of 1 April 2022.

National Bank of Ukraine sharply increased discount rate

The National Bank of Ukraine has held a meeting on the discount rate.

List of banks with authorized capital of over AZN 300 million

Five out of 26 banks operating in Azerbaijan have authorized capital of more than AZN 300 million as of 1 April 2022.

Names of new board members listed on Central Bank's website

The names of the new members of the Board of the Central Bank of Azerbaijan, appointed on 31 May, have been listed on the CBA’s website.

Banks at currency auction increase demand by 85%

$56.4 million was sold at today’s foreign exchange auction ($26 million or 85.53% more than in the previous auction.

Gunay Bank requests property of customers who haven’t returned the loan

Gunay Bank withdrew large amounts of property from customers who did not repay the loan

Central Bank draws up a penalty protocol against a Kazakh company

Up to 3% discount from AccessBank for entrepreneurs !

MP: There is a need to revise the budget

Exchange rate of Azerbaijani manat for 2 June

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

Monetary base in Azerbaijan has grown more than by 2%

VTB (Azerbaijan) increased the yield on childrens deposit up to 11%

Exchange rate of Azerbaijani manat for 1 June

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

Income of NBCOs with MP’s equity stake has decreased

NBCO Embafinance CJSC, which accounts for the share of MP Mashkhur Mammadov, reduced interest income by 4.6% to AZN 9.63 million in 2021, and interest expenses by 12% to AZN 1.83 million

SOFAZ increased sale of foreign currency for past 5 months of 2022

Over Jan-May 2022 the State Oil Fund carried out the sale of currency in the amount of $2.46 bn

Finances transferred to State Budget last year unveiled

The Bill on the execution of Azerbaijan State Budget 2021 has been discussed at today’s parliament session.