Birbank presents exclusive campaign for “Od çərşənbəsi”

Republican Subject Olympiads is held with the support of Kapital Bank

Restrictions may apply to virtual asset service providers

Azerbaijan may impose restrictions on activity of virtual asset service providers (cryptocurrency exchanges, cryptocurrency wallets, etc.) that do not comply with or evade the requirements of the law.

Manat gains strength as a deposit

In Azerbaijan, the manat enhances investment attractiveness as a deposit.

Interests received by banks on loans in January made public

The revenues of Azerbaijani banks from loans in January 2024 have been published.

Central Bank currency rates for 28 February

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

Banks’ loan portfolio for January presented

In January, the banks' loan portfolio increased by 1.7%, or by 383.4 million manats, up to 23.566.4 million manats.

Rate of payment cards in circulation grew by 316,000

The number of payment cards in the systems of banks and Azerpocht LLC at the end of January amounted to 17.2 million cards.

Did banks' external liabilities decrease in January?

As of the beginning of the year, the external liabilities of the banking sector in Azerbaijan declined by 102 million manats in January, but were higher compared with 2023.

Banks received 99.6 million manats of net profit in January

Azerbaijan has reported on number of bank employees

As of January 31, 2024, 23 banks numbered 475 branches, 104 sub-branches and 3,044 cash machines.

Data unveiled on banks' assets

As of February 1, 2024, the total assets of banks in Azerbaijan amounted to 49.296 bn manats, total liabilities – 43.144 bn manats, balance sheet capital – 6.15 bn manats.

Banks increased profit from exchange rate difference in 2023

In 2023, Azerbaijani banks bought the US dollar at an average of 1.6945 manats, and sold at 1.7020 manats.

Money transfers to Azerbaijan from abroad observed decline for 2023

The money transfers received in the country in 2023 continued to exceed the pre-pandemic level, but was lower than a year earlier.

Demand decreased by 2.8% 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.

Birbank Business: making your business life comfortable and swift

Liquidation of this bank completed in Azerbaijan for the first time

For the first time in Azerbaijan, the Deposit Insurance Fund has finished the liquidation of a bank in the process of liquidation.

Central Bank currency rates for 27 February

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

Central Bank’s indication in connection with Premium Banking

The Central Bank has issued a "mandatory order" in connection with Premium Bank OJSC.

Central Bank currency rates for 26 February

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

1362 kg of unuseful household batteries collected within “Recycle batteries, protect nature” project