For Jan-Sept Rabitabank's loan portfolio observed growth of over 7%

The loan portfolio of Rabitabank for the past 9 months increased by AZN 33.294 million (7.9% against the end of 2020) up to AZN 456.625 million

Rabitabank's operating profit exceeds AZN 16 million

Rabitabank's non-interest income grew more than by AZN 10 million

Rabita Bank's interest income for Jan-Sept 2021 increased by AZN 5.615 million or by 16.49% (against Jan-Sept 2020) up to AZN 39.66 million

Rabitabank’s net profit increased

For the past 9 months of 2021 the net profit of Rabitabank increased by AZN 2.75 million or by 71.1% up to AZN 6.625 million.

Banks' loan portfolio grew by 9.8%

The growth trend of the loan portfolio continued in September. The loan portfolio of banks in Azerbaijan for the reporting month increased by 2.2% (AZN 331.9 million) up to AZN 15.538 bn.

Companies withdraw funds from Bank BTB

Bank BTB announced the results of the 3rd quarter of 2021.

Central Bank of Russia raised discount rate

The Central Bank of Russia raised the key rate immediately by 0.75%. Now it is 7.5% per annum

Bank BTB’s non-interest expenses lowered by 3%

Bank BTB’s non-interest income amounted to AZN 3.5 million for the 3rd quarter of 2021.

Bank BTB’s interest income decreased by 4%

BTB Bank announced the results of the third quarter of 2021

External liabilities of banking sector have increased

Non-cash payments increased by 67% for past 9 months

The non-cash transactions within Azerbaijan have increased by 67% this year compared with Jan-Sept 2020.

This year number of payment cards has increased by 16%

E-commerce operations in Azerbaijan increased by 50%

The e-commerce transactions in Azerbaijan in September 2021 reached AZN 710 million - the maximum in the history of Azerbaijan.

SOFAZ assets increased by 1.5%

Over Jan-Sept 2021 the transfer to the State Budget within the framework of the implementation of the budget for 2021 amounted to AZN 7.309 bn.

Report on SOFAZ’s revenues for 9 months published

Budget revenues of the State Oil Fund of Azerbaijan for Jan-Sept 2021 reached AZN 10.4 bn, while budget expenditures constituted AZN 7.328 bn

Premium Bank has published a report for 9 months

As of 1 October 2021 Premium Bank's assets totaled AZN 655.45 million

Premium Bank's income reduced

Premium Bank completed the 3rd quarter of 2021 with profit of AZN 6.999 million

Total assets of Azerbaijan's banking system exceed AZN 34 bn

The total assets of the banking system of Azerbaijan as of 30 September 2021 amounted to AZN 34.526 bn

Exchange rate of Azerbaijani manat for 22 October

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

Volume of population’s deposits increased

As of 1 October of this year the volume of bank deposits of individuals in Azerbaijan amounted to AZN 8.838 bn

Central Bank of Turkey lowers discount rate to 16%

A regular meeting of the Monetary Policy Committee of the Central Bank of Turkey has been held today.