NBCOs with increased authorized capital

Seven out of 52 non-bank credit organizations in Azerbaijan had the largest authorized capital as of January 1, 2023 against 2022.

NBCOs with authorized capital of over AZN 10 million

Six out of the 52 non-bank credit organizations in Azerbaijan had authorized capital of more than AZN 15 million as of January 1, 2023.

CBA discussed the matter of microcredits

The Central Bank of Azerbaijan has conducted discussions on simplifying the giving of microcredits

Central Bank currency rates for 21 July

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

Central Bank of Türkiye raised discount rate by 2.5 p.p.

The Monetary Policy Committee of the Central Bank of Türkiye has held a regular meeting today.

Fed fines Deutsche Bank for $186 million

The U.S. Federal Reserve System (FRS), acting as the country's central bank, has fined Germany's largest financial institution Deutsche Bank for $186 million for financial violations.

NBCOs with reduced balance sheet capital

The balance sheet capital of 18 out of 52 non-bank credit organizations in Azerbaijan was less than the annual one as of January 1, 2023.

NBCOs with balance sheet capital of over AZN 15 million

The balance sheet capital of six out of 52 NBCOs in Azerbaijan exceeds AZN 15 million as of January 1, 2023.

The demand increased by 29% 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.

CBA breaks historical record on volume of banknotes in circulation

The volume of banknotes of the Central Bank of Azerbaijan in circulation broke a historical record and on July 19 increased to AZN 1.476 bn.

Azerbaijan to be able to participate in foreign exchange trade in Russia

Central Bank currency rates for 20 July

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

Binance loses market share

World's largest cryptocurrency exchange Binance is starting to lose its share due to regulatory problems and reduced incentives for free trade for users.

World’s best currency - African country’s currency becomes leader

The Zimbabwean dollar is one of the currencies that has strengthened against the US dollar over the past month, ABC.AZ reports with reference to Bloomberg.

NBCOs with growing commitments

As of January 1, 2023, 18 out of the 52 non-bank credit organizations in Azerbaijan had obligations less than a year ago.

NBCOs with obligations of over AZN 20 million

Six out of 52 non-bank credit organizations operating in Azerbaijan had obligations of more than AZN 20 million as of January 1, 2023.

Central Bank currency rates for 19 July

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

SOFAZ budget revenues approached AZN 12 million

The budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) amounted to AZN 11.7 bn and budget expenditures - AZN 2.68 bn for Jan-Jun 2023.

SOFAZ assets approach $55 bn

Deposits of individuals in PASHA Bank increased

PASHA Bank released the financial indicators for the 1st half of 2023.

Rabitabank's loan portfolio exceeds AZN 70 million

The loan portfolio of Rabitabank OJSC (loans to customers) in the 1st half of 2023 (Jan-Jun) increased by AZN 70.895 million or by 11.6% compared with the end of 2022 and reached AZN 681.77 million on June 30, 2023.