IMF urges ECB and Bank of England to be cautious when raising rates

The International Monetary Fund (IMF) believes that the ECB and the Bank of England should exercise caution when raising rates, taking into account potential dangers ranging from increased financial stress to divergence in bond yields

Bank Respublika was awarded the "RBI STP Quality Award 2022" by Raiffeisen Bank International

AccessBank's deposit portfolio approaches to AZN 1 bn

AccessBank's revenues increased by 45%

AccessBank’s total revenue in the 1st quarter of this year grew by 45%, or by AZN 14.4 million against Q1 of 2022 and reached AZN 47 million.

VTB Bank (Azerbaijan) OJSC  announces tender

Central Bank currency rates for 28 April

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

Central Bank of Turkey has kept discount rate

The Central Bank of Turkey has kept the discount rate unchanged.

Companies to place funds in Central Bank and receive income

This bank has not invested in securities since Q1

As part of Günay Bank’s assets, there is also property in the amount of AZN 12.8 million. In principle, the bank does not invest money in securities.

GünayBank’s interest income decreased by AZN 200,000

In the 1st quarter of 2023, Günaybank's interest income totaled AZN 3.269 million (AZN 200,000 less versus Q1 of 2022).

Günay Bank gradually loses assets

Günay Bank continues to lose its assets in 2023. However, most of the bank's loan portfolio is not returned and has been inactive for a long time.

Banks increase 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 27 April

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

AccessBank disclosed its financial statements for QI, 2023

List of banks that raised deposits most of all

The deposit portfolio of the four largest corporate banks for the 1st quarter of 2023 was compared with the same quarter of 2022.

Banks with the largest number of liabilities - Ranking

Among the banks with total liabilities of AZN 1 bn, one bank saw a decrease of 3.16%, while the liabilities of three banks increased.

Banks with the largest number of net loans

The list of banks with the largest number of net loans in the 1st quarter of 2023 among the corporate banks operating in Azerbaijan has become known.

CBA received 68,000 appeals from investors

Last year, the Central Bank of Azerbaijan received 68,534 written requests from consumers and investors through the hotline and whatsapp.

Last year, CBA checked 21 financial market participants

CBA suffered loss from management of foreign exchange assets last year

Binance.US refuses to buy Voyager assets

Binance.US has abandoned its agreement on purchase of assets of bankrupt cryptocurrency brokerage company Voyager Digital for $1 billion.