Banks’ demand at currency auction drops by 25.3%

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

Falcon Finance's interest income has fallen sharply

Non-bank credit organization Falcon Finance LLC announced net profit for the first 6 months of 2024 in the amount of more than 421,000 manats.

Central Bank currency rates for 22 October

Number of suspicious financial transactions in Azerbaijan increased by 31.8%

In 2023, Azerbaijani banks submitted reports to the Financial Monitoring Service on 1,393 transactions that they considered suspicious.

ECB staff demanded to legally limit price of bitcoin

The staff of the European Central Bank demanded to legally limit the price of bitcoin. An increase in its price leads to "impoverishment of those who do not own it", and this increases the threat of a split in society.

Putin's "plan" to destroy dollar system becomes known

Putin will strike the dollar this week, ABC.AZ reports, referring to The Economist.

List of banks with the highest growth in interest income

The names of the banks with the highest growth in interest income in Azerbaijan have become known.

Kapital Bank at SIBOS 2024: Strengthening global financial partnerships

List of banks with the largest loan portfolio growth in real estate sector

The banks whose loan portfolio has grown the most in Azerbaijan have been made public.

List of banks with the largest growth in consumer loan portfolio

The names of the banks whose consumer loan portfolio has grown the most in Azerbaijan have become known.

Bank Respublika and EBRD sign large loan agreement to support green economy in Azerbaijan Photo

Ex-head of Wex crypto exchange detained in Poland on a U.S. warrant

Dmitry Vasilyev, the former owner of the Wex cryptocurrency exchange, has been detained on a U.S. warrant in Warsaw.

Will it become difficult to get a loan?

Mobile operators will be able to provide information about their customers' credit histories to credit bureaus without their consent.

List of organizations with the highest debt in Georgia

Georgia's external public debt has exceeded $9 billion

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.