Growth of interest rates increases number of problem loans

Luis de Guindos, vice president of the European Central Bank, stated that monetary policy has reached the last level of tightening.

NBCO ended last year with net loss of AZN 400,000

Banks with balance sheet capital of over AZN 150 million

Five out of 25 banks operating in Azerbaijan had balance sheet capital of more than AZN 150 million as of April 1 of this year.

Central Bank currency rates for 15 May

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.

NBCO reduces its authorized capital

SOFAZ assets exceed $54 bn

The assets of the State Oil Fund of Azerbaijan have exceeded $54 bn.

Turkish lira continues to get cheaper – Cause

Less than two days before the elections, the Turkish lira continues to fall in price.

CBA adopts Cybersecurity Strategy in Financial Markets

The Central Bank of Azerbaijan (CBA) has adopted a Cybersecurity Strategy in Financial Markets.

Central Bank currency rates for 12 May

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

Finex Kredit’s net interest income has halved

NBCO Finex Kredit has published its financial results for 2022.

Bank of England raised rate up to 4.5%

The Bank of England has once again raised the rate - by 25 basis points, to 4.5% per annum

S&P Global Ratings’ statement on problem loans in Azerbaijan

International rating agency S&P Global Ratings has published a forecast on problem loans in the banking sector of Azerbaijan.

AZN 4.58 bn directed for fixed capital

Azerbaijan directed AZN 4.58 bn for fixed assets for Jan-Apr 2023 (21.1% more versus Jan-Apr 2022).

Banks double demand 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 Bank currency rates for 11 May

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

Azerbaijani banks that allocate the most finances for salaries - List

Azerbaijani banks’ expenditures on wages have become known.

Goldman Sachs Bank agrees to pay out on discrimination claim

One of the largest investment banks in the world, Goldman Sachs, has agreed to pay $215 million to settle a class action.

Bank of England may raise key rate

This summer, the leadership of the Bank of England may have to raise the level of the key rate to 5% per annum to combat the highest inflation among the developed economies of G7.

Central Bank currency rates for 10 May

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

MP: It’s very important that foreign banks exercise special control over sources of income

The activities of Bank Melli Iran should be considered by the Central Bank more systematically, more carefully, in particular, it is very important that the public is informed about financial resources.

In April, China's foreign exchange reserves increased by $21 bn

China's foreign exchange reserves rose more than expected in April as the dollar fell against other major currencies.