Volume of problem loans in Azerbaijan drops by 22.6% this year

As of March 1, 2024, the amount of overdue loans in Azerbaijan totaled 469.2 million mantas (3.3% more than as of February 1)

Banks increased their loan portfolio for February

Banks earned nearly 210 million manats of net profit in two months

In February, rate of bank employees grew by 245 people

The number of people employed in the banking sector increased by 1% or by 245 people up to 23,878 people.

Exports and imports based on foreign trade balance announced

Exports, based on the foreign trade balance, amounted to $29.2 bn last year, while imports - $16.4 bn.

Rate of payment cards in Azerbaijan grew by 23.7%

In Azerbaijan, the number of payment cards in circulation increased by 102,000 cards at the end of February compared with the previous month and reached 17.343 million cards.

Last year, our country received $1.5 bn from tourism

Last year, as a result of the excess of exports of tourist services ($1.5 bn) over imports ($1.1 bn), surplus (balance) of $342 million generated.

Bank loans to agricultural sector exceed 1.5 bn manats

The remaining amount of loans given by Azerbaijani banks to the agricultural sector at the end of 2023 exceeded 1.5 bn manats.

Current account surplus of Azerbaijan's balance of payments reached $8.3 bn for 2023

Last year, the current account surplus of Azerbaijan's balance of payments amounted to $8.3 bn.

CBA unveils Top 5 of countries on money transfers

The bulk of money transfers to Azerbaijan accounts for Russia.

Central Bank currency rates for 29 March

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

CBA issued a binding order to Azerbaijan Industrial Bank

Sales at currency auctions in Azerbaijan increased

Central Bank explained why demand for dollars increased

Since the beginning of 2024, the foreign exchange market has also maintained equilibrium.

Banks’ demand at currency auction grew by 1.7%

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

CBA: Last year, current account balance made up 11.5% of GDP

The foreign exchange market of Azerbaijan operates under conditions of surplus balance of payments, ABC.AZ reports with reference to the Central Bank of Azerbaijan.

CBA has kept the inflation forecast stable

The inflation forecast for 2024 remains unchanged (the forecast for January of this year is 5.3%).

Central Bank lowers discount rate to 7.5%

Central Bank currency rates for 28 March

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.

Central Bank to announce a decision on interest rate on March 28

Central Bank currency rates for 27 March

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