Azerbaijan may apply Turkey and Russia's practice of bank account keeping

A workgroup to discuss the current situation in registering, keeping, and closing bank accounts and overhauling this sphere has been set up in the Azerbaijan Banks Association

Banks bought $58 million at a 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

Interest income on given loans increased by 8.6% over Jan-Aug

For the past 8 months of 2021 Azerbaijani banks received interest income on loans given of more than AZN 1 bn.

Central Bank of Brazil raised its base rate

The Monetary Policy Committee of the Central Bank of Brazil (Copom) decided to raise the base rate up to 6.25%, and inflation in 2021 is projected at 8.5%.

Over past 8 months Azerbaijan paid interests on deposits for over AZN 230 million

Over Jan-Aug 2021 the Azerbaijani banks paid interests on the attracted deposits in the total amount of AZN 232 million.

Azerbaijan recorded rise on number of bank customers for August

The quantity of the bank clients in Azerbaijan reached 10,989,590 people for the past month.

U.S. Federal Reserve has kept base rate

The U.S. Federal Reserve System (FRS) has kept the interest rate on federal funds in the range from 0% to 0.25% per annum.

Exchange rate of Azerbaijani manat for 23 September

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

Companies’ deposits at banks have reduced

Legal entities’s total deposits at banks decreased by AZN 60.3 million to AZN 14.349 bn for August 2021

IBA transferred under management of Azerbaijan Investment Holding

Banks report decline both on total liabilities and deposits

In August, the total liabilities of banks decreased by AZN 286.7 million

Banks’ loan portfolio has increased

The Central Bank of Azerbaijan has published the main indicators of the banking sector as of 31 August 2021.

Total assets of banking sector lowered

The Central Bank of Azerbaijan has published the main indicators of the banking sector as of 31 August 2021.

Growth observed on number of bank cards

The number of bank cards in Azerbaijan increased for past 8 months.

Quantity of cash machines and POS-terminals has grown

Number of payment cards has increased

The number of payment cards in circulation increased by 117,000 cards for the past month

Non-performing loans decreased compared with beginning of 2021

The overdue loans of Azerbaijan amounted to AZN 904.2 million as of 1 September 2021

Credit investments in the banking sector have grown

Credit investments in the banking sector of Azerbaijan increased by AZN 240.3 million for August 2021

Azerbaijani banks’ profit increased for past 8 months

The Central Bank of Azerbaijan has disclosed data on the operating profit of banks for Jan-Aug 2021

Exchange rate of Azerbaijani manat for 22 September

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

ADIF appeals to Royalbank's creditors in connection with payments

The Azerbaijan Deposit Insurance Fund informs the creditors of Royalbank, which is in the process of liquidation, that the next payment of the claims of unsecured loans that are in the last place in the queue will begin from 21 September 2021