9% of banks in Turkiye operate on principles of Islamic banking

Currently, Islamic banking holds a 9% share in the Turkish banking system.

Kazakhstan can support Azerbaijan in financial services

Kazakhstan can provide the necessary support to Azerbaijan in achieving strategic goals in the field of financial services development.

Demand of banks at currency auction grew by 21%

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

Turkiye's banking sector has grown

The total net profit of the Turkish banking sector has increased sharply.

Bundesbank faced losses first time since 1979

The central bank of Germany (Bundesbank) suffered losses last year for the first time since 1979.

Central Bank currency rates for 2 March

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

Central Bank currency rates for 1 March

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

Credit penalties are reduced

The debtor will not be charged more than 5% per annum of the amount for overdue loans.

Belgium has frozen Russian assets for €58 bn

Banks decreased demand by 30.7% 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.

Central banks of Azerbaijan and Tajikistan discuss expansion of cooperation

The central banks of Azerbaijan and Tajikistan are expanding their cooperation.

Central Bank currency rates for 28 February

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

Forecast: US dollar to rise to 80 rubles in Russia

the Russian currency will fall in price even more earlier this March under the influence of three negative factors, and the US dollar will reach the level of 80 rubles,

Amount of loans invested in Azerbaijani economy made public

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.

Non-cash payments for January totaled AZN 2.647 million

The growth of payment cards in 2023 had positive impact on the volume of non-cash payments.

Number of payment cards reached 13.49 million cards for January

The deposit portfolio of banks for January grew by 1.8%

Banks’ deposit portfolio totals AZN 32.97 bn

As of 31 January 2023, the deposit portfolio in banks amounts to AZN 32.968 bn, including population’s deposits for AZN 11.686 bn.

Banks received AZN 90.3 million of net profit last month

As of 31 January 2023, the total net profit of banks amounted to AZN 90.3 million, the operating profit of the banking sector – AZN 134.5 million.

Banks’ loan portfolio in January increased by 0.4%

In January 2023, the loan portfolio of banks increased by 0.4%, or by AZN 75.2 million, reaching AZN 19.669 bn