Why do WB reps come to Baku? - Details

VTB (Azerbaijan) cuts interest rates on cash loans to 14.5%

Banks in Azerbaijan increase demand 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.

Main sources of budget revenue growth unveiled

Central Bank’s new members of board appointed

New members of the Board of the Central Bank of Azerbaijan have been appointed.

Accreditation for conformity assessment activity of Azsertcenter LLC cancelled

Exchange rate of Azerbaijani manat for 31 May

On 31 May, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.8267, the manat-lira rate AZN 0.1037 and the manat-ruble rate - AZN 0.0268

New NBCO established in Azerbaijan

NBCO suffered net loss of over AZN 236,000

Union Credit's loan portfolio has shrunk 33-fold

Exchange rate of Azerbaijani manat for 27 May

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

Regions where population takes loans most of all

Azerbaijani banks’ credit investments by region amounted to AZN 17.9 bn as of 1 May 2021.

Home Finance transformed into NBCO

Financial-oriented company Home Finance LLC, established last year in Azerbaijan, is being transformed into a credit institution.

FINCA Azerbaijan’s net profit amounted to AZN 2.612 million

FINCA Azerbaijan, having received the net profit of AZN 2.612 million in 2021, managed to maintain the positive trend of profitability that the company has achieved in recent years.

Central Bank of Turkey has published a decision on interests

Banks that gave most of all loans to entrepreneurs

The list of authorized credit institutions that gave subsidized loans to business entities for the maximum amount for Jan-Apr 2022 has been published.

Banks in Azerbaijan reduce demand 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 of Russia lowers key rate

The Bank of Russia at an extraordinary meeting of the Board of Directors lowered the key rate by 3 percentage points at once.

CBA analysis: State budget expenditures have increased

State budget expenditures in the 1st quarter of 2022 amounted to AZN 5.629 bn (1.9% more versus Q1 of 2021)

Cost of banks' operations for buying and selling foreign currency in cash has decreased

The amount of foreign exchange transactions on the intrabank foreign exchange market amounted to $5.2 bn in dollar equivalent

Over 99% of transactions carried out in US dollars on interbank foreign exchange market

The Central Bank has published the Monetary Policy Review for Q1 of this year.