Non-cash card payments totaled 6.812 million manats for August

Demand of banks at foreign exchange auction has increased

The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

Number of payment cards in Azerbaijan exceeds 18.5 million cards

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 227,000 cards at the end of August compared with July and reached 18.567 million cards.

Problem loans of Azerbaijani banks decreased during the year

As of September 1, 2024, banks’ overdue loans from banks in Azerbaijan totaled 473.1 million manats (4.3% more than on August 1).

Share of credit unions and NCOs in total loan portfolio has decreased so much

The Central Bank has released the indicators in the banking sector.

China invests $142 billion in its largest banks

China is considering a possibility to inject up to 1 trillion yuans ($142 billion) into its largest state-owned banks to increase its ability to support the struggling economy

Azerbaijan's banking sector obseved growth in August

An important decision in connection with bank shareholders

Number of bank employees in Azerbaijan grew in August

Central Bank currency rates for 26 September

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

Central Bank has issued a license to them

Central Bank signs a new Memorandum – influx of investments is expected

AccessBank Launches a Beneficial Cashback Campaign for Apple Pay Users!

Money transfers from Persian Gulf countries to Azerbaijan increased

The money transfers to Azerbaijan from the Persian Gulf countries, as well as from the United Arab Emirates, increased by 5% in the 1st half of this year compared with the previous year.

Value of December’s gold futures approaches to $2,700

Gold prices continued their four-day upward trend on September 24, and during the session, the price of December’s futures reached a record high of $2,694.9 per troy ounce.

Central Bank currency rates for 25 September

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

U.S. sues Visa

How can WB help the Green Corridor project?

We are currently financing a feasibility study of the Georgian and Black Sea parts of the regional initiative for the Green Corridor project, ABC.AZ reports, quoting WB country manager for Azerbaijan

WB official rep: Azerbaijan faces currently new challenges

Since Azerbaijan joined the World Bank in 1992, we have been reliable partners. We are glad that during this time we have been able to contribute to the bright economic growth of Azerbaijan and its achievements in the field of poverty reduction, ABC.AZ reports, quoting WB country manager for Azerbaijan, Stephanie Stalmeister.

Finoko has suffered losses of 29,000 manats in 6 months

Banks reduced demand by 10.8% at currency auction

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