S&P downgrades ratings of several US banks

S&P Global Ratings downgraded the ratings of some US regional banks two weeks after a similar move by Moody's Investors Service.

Number of bank customers in Azerbaijan up by 921,900 people

As of August 1, 2023, the number of bank customers in Azerbaijan increased by 7%, or by 921,900 people, to 14,063,765 people.

Hotline of National Depository Center launched

The National Depository Center (NDC) has connected to the Central Bank's hotline 966 to improve the quality of services provided.

Banks bought about $60 million at foreign exchange auction

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

Taleh Kazimov appoints new department chief

A new director of the Cash Department of the Central Bank of Azerbaijan has been appointed.

9 bank branches closed in Azerbaijan

Twenty-four banks had 486 branches, 86 subsidiaries and 3,015 ATMs as of July 31, 2023, according to ABC.AZ which cites the report of the Central Bank.

Manat rate for August 22

The manat dropped to the euro, rose to the Russian ruble, and is stable to the US dollar and the Turkish lira.

Deka Bank's real estate to be leased out

Number of employees in banking sector up 7.3%

For 7 months of this year, 24 banks had 486 branches, 86 branches and 3,015 ATMs,

Azerbaijan posts 25% decline in troubled loans

Dollarization of deposits declines

Share of term deposits reaches 53%

Term deposits made 53.5% of the portfolio of individual deposits (AZN 6.645.6 million).

Azerbaijan posts 8% growth in assets of banking sector

Banks receive AZN 655.3 million of net profit

In January-July 2023, banks received AZN 655.3 million of net profit and AZN 931.4 million of operating profit.

External liabilities of banks increase

External liabilities of the banking sector as of the beginning of the year increased by AZN 569.3 million, to AZN 2,331.2 million.

Azerbaijan posts increase in number of ATMs and POS-terminals

This year has been marked by a dynamic growth of banks and payment service networks of Azerpost LLC.

Non-cash payments within Azerbaijan make AZN 4.556 billion

The growth in the number of payment cards had a positive impact on the volume of non-cash payments.

Azerbaijan posts increase in number of payment cards

“150 AZN per month for every 5000 AZN loan” campaign continues

Banks with decreased operating profit – List

Banks that report increase in their operating profit in six months