Azerbaijani banks’ demand at currency auction drops by 28%

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

Exchange rate of Azerbaijani manat for 28 April

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

Number of POS-terminals has increased

The number of POS-terminals in Azerbaijan reached 66,268 for Jan-Mar 2022.

184 offices of financial organizations halt work in Russia

Russian banks start closing some of their office branches with the purpose to save their resources.

Visa leaves Russia after losing $60 million

The Visa payment system, which stopped working in Russia, said in a report about the loss of $60 million.

Exchange rate of Azerbaijani manat for 27 April

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

Accounts Chamber to audit these institutions

This year, an audit of income and expenses of the State Social Protection Fund for 2021 will be conducted.

Adequacy ratio of total capital of Yapı Kredi Bank Azerbaijan is 34%

Yapı Kredi Bank Azerbaijan has published a report for Q1 of 2022.

Yapı Kredi Bank Azerbaijan has published a report for Q1 of this year

Yapı Kredi Bank Azerbaijan completed the first quarter of 2022 with profit, mainly increasing the business loans and non-interest income.

Azerbaijani banks’ demand at currency auction fell by 26%

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

Tair Kerimli proposes to cut interest rate on bank loans

At today's Milli Majlis meeting deputy chairman of the Parliamentary Committee on Human Rights Tair Kerimli raised a question ABC.AZ reports that the MP brought up for discussion the issue of writing off credit debts to banks.

Exchange rate of Azerbaijani manat for 26 April

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

Azerbaijan's representative in WB changed

A new adviser of the WB Executive Director on Azerbaijan has been appointed.

Russian banks to start issuing UnionPay cards

In the 3rd quarter of this year the list of Russian financial organizations wishing to issue cards of Chinese payment system UnionPay will be expanded

Mikayil Jabbarov: We have no risks with exchange rate and value chain

Risks such as the exchange rate of the national currency and the fall in the value chain, which we have faced in recent years for various reasons, no longer exist in Azerbaijan.

VTB (Azerbaijan) ends Q1 with net profit of AZN 5.5 million

Bank VTB (Azerbaijan) has published the financial results of Q1 of 2022.

VTB (Azerbaijan) has published financial results

Bank VTB (Azerbaijan) has published the financial results of the 1st quarter of 2022.

Express Bank shareholder sold his stake

Hikmet Khammedov, who controlled 19.5% of the shares of Express Bank OJSC, sold his equity stake.

Exchange rate of Azerbaijani manat for 25 April

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

The entrepreneur intends to buy Rosbank

Investment company Interros Capital, owned by billionaire Vladimir Potanin, intends to buy Rosbank from French financial group Societe Generale S.A.

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.