Central Bank currency rates for 21 October

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

SOFAZ's assets exceed $60 billion

The assets of the State Oil Fund (SOFAZ) as of September 30, 2024 increased by 10% from the beginning of 2024 up to $61.697 billion.

Companies withdrew deposits of 357 million manats from PASHA Bank

The deposit portfolio in the 3rd quarter of this year amounted to 6.86 billion manats.

Kapital Bank awarded two prizes at the COP29 Human Capital Forum

CBA works over common taxonomy principle with 110 countries

The Central Bank of Azerbaijan (CBA), with the support of IFC, is working over creation of a single taxonomy principle for 110 countries. An agreement has already been reached with more than 80 countries.

Azerbaijani banks should direct over $17 bn for ‘green’ financing until 2060

Over the next 36 years, Azerbaijani banks should allocate about $17.6 billion to "green" financing.

A new fund may be created to support green finance

A new fund may be created in Azerbaijan to support "green financing" or this function may be assigned to one of the funds operating in the country.

Place deposit to Kapital Bank and get a chance to win 50 000 AZN

Minister spoke about ‘green’ financing in Azerbaijan

It is necessary to introduce various innovative solutions in Azerbaijan to expand green financing.

Azerbaijani banks to announce their financial obligations on eve of COP29

Forum "Green Finance & Sustainable Development" is taking place in Baku.

Taleh Kazimov: Investments in ‘green’ finances are important for creating a sustainable economy

Global climate change is having impact on the economy of Azerbaijan.

Central Bank currency rates for 18 October

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

List of banks with the highest interest income

The names of the banks that received the highest interest income in Azerbaijan in the 3rd quarter of 2024 have become known.

Rate of Central Bank of Türkiye remained at 50%

The Monetary Policy Committee of the Central Bank of Türkiye decided to keep the interest rate at the same level of 50%, according to regulatorəs press release.

Kazakhstan to simplify work of foreign banks

Number of cryptocurrency owners in world reaches 617 million

There are about 617 million cryptocurrency owners and 30-60 million monthly active users in the world, excluding bots and temporary addresses.

Fitch Ratings: Banks in Azerbaijan target less risky and more profitable retail loans

The Azerbaijani banking sector’s financial profile has strengthened materially since 2017, supported by reduced dollarisation and less pressure on capitalization from legacy asset-quality risks

Banks in Azerbaijan reduced demand at currency auction by 20.3%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Licenses of two audit companies revoked

The Chamber of Auditors revoked the licenses of two audit companies.

Gold is close to a new record amid U.S. elections and Fed rates

Gold has once again rushed to new records, anticipating an intense struggle for the US presidency

Finance Ministry comments on increase of Azerbaijan's State Budget 2025

The Ministry of Finance has commented on the increase of Azerbaijan's state budget revenues and expenditures for 2025 by 1.74 billion manats ($1.02 billion) compared to the initial draft.