In China, 40 banks have gone bust in a week

China's banking sector is experiencing a serious crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank of China further exacerbated the sector's problems. Experts warn that the situation could have serious consequences for the global economy.

Central Bank currency rates for 23 July

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

Central Bank currency rates for 22 July

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

10 banks with the largest increase in liabilities - LIST

The banks with the largest volume of liabilities in Azerbaijan have been published.

Banks with the largest increase in balance capital - List

The names of banks in Azerbaijan with the largest growth in balance sheet capital have become known.

Opening of deposit accounts for purchase of publicly traded shares to be free of charge

The Board of the Central Bank of Azerbaijan (CBA) has made changes to the Tariffs for the Services of the National Depository Center approved by the decision from December 1, 2020.

Central Bank currency rates for 19 July

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

SOFAR deposits in Central Bank of Türkiye increased

As of January 1, 2024, the term deposit investments of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 1.9 billion manats.

New roadmap of working group on financial markets ready

SOFAR ended 2023 with profit

The State Oil Fund of Azerbaijan (SOFAZ) completed 2023 with net profit of 8.1 billion manats.

Indian cryptocurrency exchange WazirX was hacked for $235 million

On July 18, Cuvers Alerts service reported the hacking of Indian cryptocurrency exchange WazirX.

At currency auction, banks increased demand by 33.2%

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

CBA issued perpetual licenses to Mpay and Paysis

Kapital Bank introduces its new “Pupil Health Insurance”: Ensuring your children’s safety

Central Bank currency rates for 18 July

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

SOFAZ bought over 10 tons of gold in 3 months

The State Oil Fund of Azerbaijan (SOFAZ) has increased investments in gold.

SOFAZ earned 2.8 billion manats on management of foreign exchange funds in 6 months

The investment income from management of foreign exchange funds of the State Oil Fund (SOFAZ) amounted to 2.818 billion manats for Jan-Jun 2024.

SOFAR's assets exceed $58 billion

As of July 1, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 3.4% compared with the beginning of the year and exceeded $58 billion.

Amendments made to Law on Audit Service

President Ilham Aliyev has approved the amendments to the Law on the Audit Service.

Azerbaijan has debt of 25.7 billion manats

Birbank installment cardholders can now enjoy the option of paying in installments for their Trendyol payments