Pasha Holding unveils its earnings

As of 31 December 2021, the total assets of Pasha Holding LLC amounted to AZN 15.5 bn. For comparison, at the end of 2020, its total assets reached AZN 13.2 bn.

A stagnation warning from the Bundesbank

Deposits of individual entrepreneurs increased

In March 2022, the deposits of individuals engaged in entrepreneurship increased by AZN 4.4 million.

Retail deposits in banks exceed AZN 10 bn

As of 1 April 2022, the retail deposits in banks of Azerbaijan reached AZN 10.2 bn.

9 banks made profit and 2 had loss in Azerbaijan

11 out of the 26 banks of Azerbaijan published the financial indicators for the 1st quarter (Jan-Mar) of 2022.

Deadline for refund of overpaid fees shortened

Adjustments have been made for changes related to duties.

Exchange rate of Azerbaijani manat for 22 April

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

World's largest pension fund lost $74 bn

The Norwegian National Welfare Fund, the world's largest pension fund, has lost tens of billions of dollars against the background of what is happening in Ukraine

Binance set to limit Russia services after EU sanctions

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by trading volume, is set to limit services for Russian persons or entities with crypto assets exceeding the value of 10,000 euro ($10,885)

Azerbaijani banks’ demand at currency auction grew by 33.7%

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

Accounts Chamber ends last year with loss

The Accounts Chamber of Azerbaijan completed 2021 with loss of AZN 22,000. While 2020 was completed by the organization with profit of AZN 71,000.

Russian banks not to be able to issue UnionPay cards under sanctions

Large Russian banks that have been sanctioned by Western countries will not be able to issue UnionPay cards.

Alfa-Bank sells its subsidiary in Kazakhstan to another domestic bank

The Kazakh subsidiary of Alfa-Bank, which has been sanctioned, will be sold to another bank operating in this country - CenterCredit.

Exchange rate of Azerbaijani manat for 21 April

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

Frozen Russian assets to be used in this case

The decision on the use of frozen Russian assets will be made at the global level.

Ali Masimli: Accounts Chamber presents a weaker report this year

This year, the Accounts Chamber has submitted a weaker report to Milli Majlis compared with the reports for the previous two years.

In 2021, 42 audits of Accounts Chamber covered more than 500 objects

In 2021, the Accounts Chamber conducted 46 external state financial audits (42 audits, 2 analytical measures, 2 monitoring)

Violations for over AZN 80 million revealed at state agencies

The report of the Accounts Chamber for 2021 has been published.

Exchange rate of Azerbaijani manat for 20 April

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

Demand at currency auction declined by 24%

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

New Zealand imposes sanctions on Russian financial institutions

New Zealand imposes sanctions on the largest Russian banks and financial institutions because of the situation in Ukraine.