Total loan portfolio of credit unions in Azerbaijan has fallen – Report

The total loan portfolio of Azerbaijan's credit unions for Jan-Sept 2024 reahed 10.9 million manats.

Data published on NBCOs loan portfolio of Azerbaijan

The total loan portfolio of the NBCOs of Azerbaijan for Jan-Sept 2024 amounted to 744.6 million manats.

Central Bank currency rates for 28 October

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

CBA and IMF discussed improving of financial stability

The Central Bank of Azerbaijan and the International Monetary Fund have discussed measures to enhance financial stability.

Money transfers from abroad to Azerbaijan decreased by 29%

Over Jan-Sept 2024, Azerbaijan's banks received 1.332 billion manats through fast money transfer systems. The finances sent from Azerbaijan abroad totaled 393.4 million manats.

Number of ATMs has increased

As of October 1, 2024, the number of ATMs in Azerbaijan reached 3,213.

Famous investor: U.S. heads to ‘extremely bad’ recession

One of the most famous investors in the world, Jim Rogers, in an interview with MarketWatch, said that the American economy is heading for an “extremely bad” recession, which will provoke investors to flee to safe haven assets.

SOFAZ transfers to State Budget exceed 150 billion manats

The transfer from the State Oil Fund of Azerbaijan (SOFAZ) to the State Budget on October 1 amounted to 152.736 billion manats, ABC.AZ reports, referring to SOFAZ.

Azerbaijani banks made operating profit of 1.3 bn manats this year

As of September 1, 2024, the operating profit of Azerbaijani banks totaled 1.268 billion manats.

Losses of credit unions in Azerbaijan grew by 77% - Report

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Central Bank currency rates for 25 October

Azerbaijani banks earn a lot of money on loan interests

As of October 1, 2024, the interest income of Azerbaijani banks on loans amounted to 2.232 billion manats.

Total authorized capital of NBCOs increased by 40%

Over the last 9 months of 2024, the balance sheet capital of the NBCOs of Azerbaijan amounted to 462.2 million manats.

Delinquencies on PASHA Bank’s loans given to these industries most often occur

PASHA Bank's financial indicators showed an increase on bank's problem loans.

Growth reported on PASHA Bank’s problem loans

PASHA Bank's loan portfolio in the 3rd quarter of this year reached 3.249 billion manats, ABC.AZ informs, referring to the figures of bank's quarterly report.

Total assets of NBCOs exceed 979 million manats

As of October 1, 2024, the total assets of non-bank credit organizations of Azerbaijan amounted to 979.9 million manats.

CBA discusses with WB the opportunities of partnership expansion

The Central Bank of Azerbaijan and the World Bank have discussed preparations for a new Country Partnership Agreement for Azerbaijan and its strategic directions.

NBCOs’ expenses exceed non-interest income

For the past 9 months of 2024, NBCOs’ non–interest income totaled 84.3 million manats, expenses - 98.2 million manats, operating profit – 192 million manats, income tax payments – 32.5 million manats.

With the sponsorhip of  Kapital Bank the “Agile Azerbaijan International Summit-2024” took place

For past 9 months, NBCOs received interest income for 233 million manats

In 9 months of 2024, the non-bank credit organizations of Azerbaijan received 233 million manats of interest income.