Bank ABB Unveils 2022 Sustainability Report

Lending to real sector in Nakhchivan grew more than by 35%

35.4% or AZN 104.3 million of loans given by banks and other credit organizations of the Nakhchivan Autonomous Republic for Jan-Sept 2023 were directed for development of the real sector in the region.

Central Bank of Türkiye raised discount rate to 35%

Today, the Central Bank of Türkiye announced a decision on the interest rate.

Interest in card to card payment transactions has grown much in Azerbaijan

Card to Card payment transactions have become actively used in banking services in Azerbaijan.

Memo signed between Central Bank and Service for Special Communications & Info Security

The Memorandum of Understanding has been signed today between the Central Bank of Azerbaijan and the State Service for Special Communications & Information Security.

Taleh Kazimov: Transition to open banking and then to open financing is CBA goal

For the past 9 months of 2023, transactions carried out through Internet banking increased by 15% versus Jan-Sept 2022 and reached 172 billion.

Visa to provide support to women entrepreneurs in Azerbaijan

In the coming years, Visa will provide support to women entrepreneurs in Azerbaijan.

Volume of problem loans in Azerbaijan lowered by 20%

As of October 1, 2023, the amount of overdue loans in Azerbaijan amounted to 519.8 million manats.

Ruslan Talibov: Share of non-cash transactions in Azerbaijan reaches 54%

The sphere related to fintech is developing in Azerbaijan.

CBA and Service of Special Communication & Info Security to sign memorandum

Azerbaijani fintech companies to get a large share of fintech market

By 2030, fintech of Azerbaijan will receive a market share of $1.5 trillion.

Fed proposes to reduce fee on debit card transactions

The Council of the Federal Reserve System (FRS) of the United States held a meeting to review the fees for debit card transactions.

CBA discussed results of Q3

Once again, we met with the heads of banks and discussed the results of the third quarter.

Central Bank currency rates for 26 October

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

Azerbaijani banks’ net foreign assets drops to minimum of last 8 years

Over Jan-Sept 2023, the net foreign assets of Azerbaijani banks decreased to the lowest since November 2017

Visa received big income for Q4

Visa received large income in the 4th quarter.

VTB Bank (Azerbaijan) announces a tender

Volume of loans to micro-entrepreneurs exceeds AZN 2.4 bn

The volume of loans to micro-entrepreneurs in Azerbaijan has reached AZN 2.413 billion

“Kapital Bank Room” opened at Azerbaijan Technological University

VTB Bank (Azerbaijan) announces a tender

In 3rd quarter, Norway's Sovereign Wealth Fund suffered loss of $34 billion

The Norwegian State Pension Fund (Oil Fund), the largest sovereign wealth fund in the world, suffered loss in the 3rd quarter of 2023.