Kapital Bank enables contactless payments with Google Pay across Azerbaijan

Kapital Bank cardholders can now make payments quickly and safely with Google Pay.

Euro rate falls below dollar

The euro rate fell below the dollar rate.

Russian Sberbank leaves Kazakhstani market

Russia’s Sberbank is leaving the Kazakhstani market.

MasterCard intends to increase share of non-cash payments in Azerbaijan

Banks increase demand at foreign exchange auction by 61.4%

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

Azerbaijan developing microfinancing strategy

CBA exchange rates as of August 23, euro drops below AZN 1.69

The US dollar exchange rate is AZN 1.70, the euro exchange rate is AZN 1.6891, the Turkish lira exchange rate is AZN 0.0939, the Russian ruble exchange rate is AZN 0.0283.

Banks' loan portfolio up

The loan portfolio of banks increased by 0.9%, or by 167.4 million manats, to 18.487.4 million manats, at the end of July 2022

Azerpoct presents alternative channel for money transfers from Russia

12 bank branches closed in Azerbaijan

Twelve bank branches were closed in Azerbaijan in July this year.

Money transfers to Azerbaijan up by over 2.3 times

During the six months of 2022, Azerbaijan received money transfers in the amount of $1,128 million

Size of credit investments in country’s banks revealed

As of 01.08.2022, credit investments in the banking sector of Azerbaijan reached AZN 18,487.4 million.

Public shows more confidence in banks with their deposits grown

The population's deposits in banks in Azerbaijan as of August 1 this year reached 10,817.1 million manats, up 2.1% from January-June

Manat depreciates against these currencies

In the first half of 2022, the manat exchange rate mainly changed towards strengthening against the currencies of the trading partner countries.

Interest expenses in some Azerbaijani banks go up

Interest expenses of 18 banks in the country increased.

Banks with reduced interest costs in Azerbaijan

Interest expenses of eight out of 26 banks operating in Azerbaijan were lower in the first half of this year compared to the same period last year.

CBA exchange rates on August 22

Azerbaijani manat rose against the euro and the Turkish lira, fell against the Russian ruble, and is stable against the US dollar

Amendments made to Rules for calculating banks capital and its adequacy

NBCO TBC Kredit ends first quarter of year on profit

Banks with increased operating costs

Banks with operating expenses at over 65 million manats

The operating expenses of five out of 26 banks operating in Azerbaijan in the first half of this year exceeded 65 million manats.