Mastercard: Azerbaijan surpasses many European countries in smartphone usage

Azerbaijan is one of the leading countries in terms of smartphone usage - with the number of smartphones exceeding 70%, it surpasses many European countries

Vugar Bayramov: This minimizes Central Bank’s influence on capital market

Mastercard: Azerbaijan - leader in terms of growth in card payments

Over the past five years, the share of card payments among consumers in Azerbaijan has grown from 5% to 25%

List of banks giving most of all consumer loans

Comparison of consumer loans of the four largest banks for the 1st quarter of 2023 with the same quarter of 2022 has been published.

Expert: Banking sector experiences very serious problems

There are very serious problems in the banking sector, citizens are silencing this issue.

Central Bank currency rates for 26 April

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

Bank with net interest yield of 10.4%

Azerbaijani bank that increased its deposit portfolio by 28.3%

Yapı Kredi Bank Azerbaycan completed the 1st quarter of 2023 with profit of AZN 2.2 million.

A bank with 3-month net profit of AZN 2.2 million

Yapı Kredi Bank Azerbaycan completed the 1st quarter of 2023 with profit of AZN 2.2 million.

A system to compete with Visa and MasterCard to appear

In Europe, 16 financial service providers are planning to launch a new payment system earlier next year.

A bank whose deposits grew by 35% in three months

The deposit portfolio of VTB Bank (Azerbaijan) has grown by 10.6% since the beginning of the year and amounted to AZN 104.9 million as of March 31, 2023.

A bank whose assets increased by 4%

VTB Bank (Azerbaijan) completed the first quarter with net profit of about AZN 3 million. VTB Bank (Azerbaijan) has published financial results for Q1 of 2023.

Access2Success-2: AccessBank announces the second round of the training program for female entrepreneurs

Banks more than halved 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 25 April

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

External liabilities of banking sector increased

Demand at currency auction has tripled

The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

People's Bank of China again keeps discount rate stable

The People's Bank of China has not changed the discount rate on the loan this month.

Cryptocurrency market suffers grave losses

The cryptocurrency markets have suffered serious losses.

Central Bank currency rates for 20 April

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

Rate of bank clients in Azerbaijan increased by 7%

The number of the bank clients in Azerbaijan in March 2023 amounted to 13,700,836