Dollarization of individuals’ deposits declines

Taleh Kazimov: I consider banks’ financial condition as satisfactory

In general, I consider the financial condition of the banks as satisfactory

Banks’ loan portfolio increased 1.4% for March

In March, the loan portfolio of banks increased by 1.4%, or by AZN 281.2 million, to AZN 20.038 bn.

Banking sector external liabilities increased in March

This March, the external liabilities of the banking sector increased by AZN 390.1 million versus early 2023 up to AZN 2.15 bn.

Non-cash payments amounted to AZN 3.439 million for March

This year, the volume of non-cash transactions within the country has doubled against the relevant term of 2022.

Central Bank: High uncertainty about inflation factors remains

There remains high uncertainty about the factors of inflation in the global and national economy

Number of payment cards grew by 18% in March

The number of payment cards in circulation in the banking system at the end of March increased by 226,000 cards against last month up to 13.88 million cards.

Rate of bank employees increased for March

As of March 31, 2023, 25 banks numbered 491 branches, 94 sub-branches and 2,996 cash machines

Central Bank currency rates for 3 May

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

By June, U.S. may exhaust emergency measures due to reaching debt ceiling

The U.S. authorities may exhaust emergency measures in connection with achievement of the debt ceiling as early as June 1.

Monetary base in Azerbaijan has increased by 0.9% for Jan-Apr

As of May 1, 2023, the monetary base in Azerbaijan amounted to AZN 17.609 bn.

CBA's foreign exchange reserves increased by 2.2% for Jan-Apr

As of May 1, 2023, the foreign exchange reserves of the Central Bank of Azerbaijan amounted to $9.189 bn.

Demand at currency auction grew by 50%

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

Australian Central Bank raises base rate to 3.85%

The Reserve Bank of Australia (RBA) raised on Tuesday its key interest rate by 25 basis points (b.p.) to 3.85% per annum.

Central Bank currency rates for 2 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.

Precious metals and cryptocurrencies may enter an uptrend again

Thanks to Fed's steps, precious metals and cryptocurrencies, which have been stagnating for some time, can re-enter a new upward trend.

How did Credit Suisse go bankrupt?

Credit Suisse, one of the largest banks in Europe and Switzerland, went bankrupt and was bought by USB.

Access2Success-2: Last 3 days left to deadline

Birbank cardholders earned AZN 5.1 million cashback in April  

Central Bank currency rates for 1 May

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

Companies withdrew over AZN 2 bn from banks

As of January 1, 2023, legal entities’ deposits in banks amounted to AZN 22.279 bn. In the first 3 months of 2023, the deposits of legal entities in banks decreased by 10.2% or by AZN 2.65 bn to AZN 20.2 bn.