Azerbaijan unveils banks with highest non–interest income

The names of banks in Azerbaijan with the highest interest income for Q4 of 2023 have been published.

List of banks whose capital has grown more than by 30%

In the 4th quarter of 2023, the capital of 2 banks in Azerbaijan increased more than by 30%, and the capital of 4 banks than by 20%.

Kapital Bank made a significant presence at this year's Euromoney, an annual international forum

Demand at currency auction increased by 9.6%

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

Bank Eurasia's cash volume drops more than by 29 million manats

In 2023, the financial assets of Bank Eurasia sharply decreased by 39.7 million manats (by 17.72%).

Deposit portfolio of Bank Eurasia sharply declined

Central Bank currency rates for 18 January

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

Total loan portfolio of Yapı Kredi Bank Azerbaijan grew by 23%

Compared with the end of last year, the total loan portfolio of Yapı Kredi Bank Azerbaijan increased by 23% and amounted to 292 million manats.

A bank with interest income growth by 36% up to AZN 36 million

Yapı Kredi Bank Azerbaijan announced the financial results for 2023.

Azerbaijani population’s income grew by 12.8%

List of the largest banks by loan portfolio

By the end of 4th quarter of 2023, the total loan portfolio of seven banks in Azerbaijan exceeded AZN 1 bn.

This bank’s operating expenses grew by AZN 2.978 million

Naxçıvanbank released its financial report for last year.

Bank paid AZN 3.535 million of income tax

Naxçıvanbank completed 2023 with net profit of AZN 13.13 million (2022: net profit of AZN 13.54 million). Last year, the net profit of the bank grew by AZN 76,000.

Central Bank currency rates for 17 January

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

Azerbaijan's foreign exchange reserves reach $67.7 bn

As of January 1, 2024, Azerbaijan's foreign exchange reserves amounted to $67.68 bn.

SOFAZ off-budget revenues amounted to AZN 2.1 bn

The income from the management of finances of the State Oil Fund of Azerbaijan (SOFAZ) at the end of 2023 reaches AZN 6.337 bn.

SOFAZ assets grew by 14.3% for 2023

As of December 31, 2023, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 14.3% up to $56.069 bn.

Kapital Bank has announced the financial results of 2023

Banks’ demand at currency auction fell by 34%

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

Russia's gold reserves have risen sharply

At the end of 2023, Russia's gold reserves reached $155.9 billion, setting a new record.

Central Bank currency rates for 16 January

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