Kapital Bank participated in Azerbaijan’s banking mission’s inaugural visit to the United States

Money transfers to Azerbaijan from abroad decline by 31%

Volume of problem loans in Azerbaijan drops by 20%

As of April 1, 2024, the amount of overdue loans in Azerbaijan totaled 470.8 million manats.

Net profit of banking sector grew more than by 16% in 3 months

Over Jan-Mar 2024, the banking sector of Azerbaijan received net profit of 311.5 million manats.

Banks have reduced demand 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 25 April

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.

Welcome Birbank Business’s special “Welcome” campaign for new customers

Azerbaijan’s central bank and U.S. Department of Treasury discuss financial stability

The next meetings of the Azerbaijan’s banking mission took place at the U.S. Department of the Treasury.

Central Bank currency rates for 24 April

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

Repayment of government debt in 1st quarter reached 1 bn manats

In the 1st quarter of 2024, expenses relating to servicing the state debt and obligations of Azerbaijan were 5.5-fold more against Q1 of 2023 – 1.88 bn manats (55.15% of finances envisaged in the State Budget.

Costs on restoration of liberated lands grew by 5%

Share of oil & gas sector in State Budget revenues increased

The oil & gas sector amounted to 4.67 bn manats (50.6% of State Budget revenues for Jan-Mar 2024).

Consolidated budget has surplus of over 3 bn manats

In the 1st quarter of 2024, the revenues of the consolidated budget of Azerbaijan amounted to 12.612 bn manats.

Shareholders of VTB (Azerbaijan) OJSC will hold an extraordinary General Meeting

Demand drops by 3% 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.

Visa to launch a new contactless product

Visa will launch a new contactless product at the Paris 2024 Summer Olympics.

Central Bank currency rates for 23 April

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

Azerbaijan and WB discuss joint projects

Azerbaijan and the WB discussed the projects to be implemented within cooperation.

SOFAZ off-budget revenues on exchange rate reached 151.7 million manats

Over Jan-Mar 2024, the budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 5.268 bn manats and budget expenditures – 3.205 bn manats.

Finans Kredit increases much its share capital

By the decision of the founders of non-bank credit organization Finans Kredit LLC, the authorized capital has been sharply increased.

Ban for those who do not perform face recognition operations in e-wallets

From May 9, the use of e-wallet will be limited for those who are not registered with a PIN code.