Dollarization of deposits decreased for January

Number of employees in banking sector has increased

Assets of Azerbaijan's banking sector amounted to AZN 45.9 bn

As of 31 January 2023, the total assets of the banking system of Azerbaijan are estimated at AZN 45.86 bn

WB rep: We are in constant contact with Azerbaijani government

We are in constant contact with the government of Azerbaijan regarding the situation in healthcare, education and other spheres.

UK imposes sanctions against four Russian banks

The UK announced new sanctions against Russia that affected 92 individuals and legal entities.

Banks with increased authorized capital

Five out of the 25 banks operating in Azerbaijan had more authorized capital as of 1 January of this year than the annual indicator.

Banks with authorized capital of over AZN 300 million

Five out of the 25 banks operating in Azerbaijan had authorized capital of more than AZN 300 million as of 1 January of this year.

WB official representative: In Azerbaijan, children receive poor-quality medical care for country's low income level

Azerbaijani children born today will be able to reach only 58% of their potential fertility by the age of 18.

Central Bank currency rates for 24 February

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

Appraisers from three countries join the initiative of Azerbaijan and Turkiye

Vice-President of the Association of Banks of Kazakhstan and Chairman of the Evaluation Chamber Marat Baytokov held an online meeting with the Chairman of the Society of Appraisers of Azerbaijan Vugar Oruj.

Türkiye's central bank lowers key interest rate

For the first time since December 2022, the Central Bank of Türkiye decided to cut its key interest rate from 9% to 8.5%

Banks with decreasing balance sheet capital

Two out of 26 banks operating in Azerbaijan on 1 January of this year had smaller balance sheet capital compared with last year.

List of banks with balance sheet capital of over AZN 400 million

Four out of 25 banks operating in Azerbaijan had balance sheet capital of more than AZN 400 million as of 1 January of this year.

Banks’ demand at currency auction increased by 25%

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 Bank currency rates for 23 February

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

WB regional director to visit Azerbaijan

Fadia Saadah, director of human development in the Europe and Central Asia region of the World Bank, will visit Azerbaijan.

Most crypto assets do not respond to control mechanisms

We are working over development of a draft law on management of crypto assets in the fight against threats to financial stability.

CBA has approved a roadmap on this direction

The decision of the Board of the Central Bank of Azerbaijan has approved the Roadmap on Sustainable Finance for 2023-2026 to ensure sustainable transformation of the financial sector.

Central Bank currency rates for 22 February

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.

Banks lower demand by 3% 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.

List of banks where wage costs grow rapidly

In 2022, payroll expenses increased in a number of banks operating in Azerbaijan.