Azkredit's profit declined by 22% in 2023

Non-bank credit institution Azkredit OJSC completed 2023 with net profit of 1.28 million manats. In 2022, its profit reached 1.32 million mantas (22% less than a year earlier).

Optimal Finance faced losses last year

Non-bank credit organization Optimal Finance completed 2023 with loss of 472,000 manats versus profit for 2022 (424,000 manats).

Central Bank currency rates for 31 May

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

Accessbank Supported the Tree Planting Campaign as Part of the "Year of Solidarity for a Green World"

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Bank Respublika won an award at the Annual Meeting of the EBRD in Yerevan!   Photo

Demand increased by 58.8% at currency auction

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Central Bank currency rates for 30 May

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

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New appointments to Central Bank

The directors of three departments recently established at the Central Bank of Azerbaijan have been appointed.

The Red Hearts Foundation’s project to provide individual housing for the families of martyrs and veterans continues

Central Bank currency rates for 29 May

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

With the support of Kapital Bank, the “Cyber Bootcamp” project at NSU was completed

Number of general directors in CBA has increased

Vusal Khalilov has been appointed another general director at the Central Bank of Azerbaijan.

Profit of Inkişaf üçün Maliyyə lowered more than by 1 million manats

Non-bank credit organization Inkişaf üçün Maliyyə LLC completed 2023 with net profit of 813,000 manats. NBCO's profit in 2022 amounted to 1.63 million mantas (23.5% less than a year earlier).

Reasons for amendments to State Budget

Deposits in Azerbaijani banks increased by 3.3%

As of May 1, 2023, deposits in Azerbaijani banks amounted to 35.36 bn manats.

Iran increased gold imports

Iran has imported 4.6 tons of gold bars this year, ABC.AZ reports, referring to the Iranian News Agency (IRNA).

G7 prepared a communique on use of frozen assets of Russian Federation

G7 has stressed progress in negotiations on the use of proceeds from frozen Russian assets to assist Ukraine.

Central Bank currency rates for 27 May

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.

#NewBeginning in Karabakh: Kapital Bank’s branch in Khankendi opened