Loss of credit unions in Azerbaijan has grown

Credit unions in Azerbaijan completed the 1st half of 2023 with net loss of AZN 400,000 (4-fold more versus Jan-Jun 2022)

Azerpocht chairman of board: Problems with currency exchange

Problems related to currency exchange are most often found in small branches of Azerpocht LLC

NBCOs that pay most of all income tax - Report

19 out of the 52 non-bank credit organizations (NBKOS) in Azerbaijan did not pay income tax last year.

Bank’s property to be put up for re-sale

Banks increase demand at currency auction by 43.6%

Following the currency auction on July 25, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Companies’ deposits in this bank reduced by AZN 1.2 million - is bank going to bankruptcy?

Amount of problem loans in Azerbaijan increased

Azerbaijani banking sector's net profit up by 41%

Azerbaijan's banking sector made net profit of AZN 563.3 million ($331.35 million) in January-June of this year (+40.55%)

Growth on banking sector in Azerbaijan - Assets increased

As of July 1, 2023, the assets of the banking sector of Azerbaijan amounted to AZN 45.218 bn (7.9% more than on July 1, 2022)

A bank whose net profit declined by 21.3%

myCard Junior will support our young athletes at the XVII European Youth Summer Olympic Festival

Central Bank currency rates for 25 July

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

NBCOs with reduced profits

The pre-tax profit of 23 out of the 56 non-bank credit organizations operating in Azerbaijan was higher last year than a year earlier.

Naxçıvan Bank deposit portfolio decreased by 27.8%

The deposit portfolio of Naxçıvan Bank in the 2nd quarter amounted to AZN 112.2 million (AZN 43.2 million, or 27.8% less than at the end of 2022).

NBCOs with profit of over AZN 3 million

16 out of the 56 non-bank credit organizations operating in Azerbaijan had no profit before taxation last year.

Hesab.az and AccessBank present the Hesab debit card

Bank whose consumer loans increased by 15.1%

Yapı Kredi Bank Azerbaycan has published a report for Q2 of this year.

Kenan Gurbanov: Number of drivers involved in international transportation is a minority

In Azerbaijan, the number of drivers involved in international transportation is a minority.

Bank, which completed Q2 with net profit of AZN 3.6 million

Central Bank currency rates for 24 July

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

Central Bank of Russia raised key rate to 8.5%

After a long pause, the Bank of Russia sharply raised the key rate - by 1 percentage point, to 8.5% per annum.