PASHA Bank’s deposits decreased by AZN 237.268 million in 3 months

PASHA Bank published a report for Q1 of 2023.

PASHA Bank has published a report - there are serious cuts

PASHA Bank has published a report for the first quarter of 2023.

Banks’ credit investments increased more than by 14%

As of April 1, 2023, the assets of the banking sector of Azerbaijan amounted to AZN 44.8 bn (16.5% more than on April 1, 2022), ABC.AZ reports with reference to the Central Bank.

Increase in Fed's interest rate to gradually return inflation to target level of 2%

Recent inflation data, including reports on the slowdown in consumer price growth and the decline in industrial inflation this week, correspond to the fact that we can raise the interest rate again.

TuranBank started the next project with IFC

Azerbaijani AccessBank strives to bring profitability of its equity to 20 percent in 2023 - David Tsiklauri

VTB (Azerbaijan) decreased by 3.01 p.p. cash loan rates

Central Bank currency rates for 19 April

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

Carstens: Central banks' interest rates should remain high for a long time

The limits of economic stability are not determined by interest rates or debt levels, ABC.AZ reports, quoting Agustín Carstens, the president of the Bank for International Settlements.

SOFAZ spent AZN 5.1 million on fund management for past quarter

SOFAZ’s assets amounted to $53.437 bn as of March 31, 2023 (9% more than at the beginning of 2023 - $49.03 bn).

69.9% of finances in SOFAZ investment portfolio account for US dollars

The total investment portfolio of the State Oil Fund (SOFAZ) for the 1st quarter of this year amounted to $53.437 bn.

SOFAZ assets exceed $53 bn

As of April 1, 2023, the assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $53.437 bn.

Kapital Bank has released financial results for the first quarter of 2023

Demand at currency auction decreased by 38%

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

State Budget revenues from paid services grew by 20% for Q1

Azerbaijani State Budget revenues from the work performed and paid services rendered by State Budget-financed departments and organizations amounted to AZN 198.4 million (20.2% more against Jan-Mar 2022)

SOFAZ fulfils budget commitments in 1Q by 44% less than forecast

The State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 1.576 bn to the State Budget for Jan-Mar 2023.

Central Bank currency rates for 18 April

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

Gold has risen slightly in price

Gold prices rose after falling almost 2% on Friday

Azerbaijani population’s income increased

The nominal income of the Azerbaijani population amounted to AZN 18.479 bn.

Banks' credit investments have grown

As of 1 March 2023, credit investments of state-owned banks in Azerbaijan amounted to AZN 3.929 bn.

ECB governor does not believe in possibility of default in U.S.

The U.S. cannot allow a default on debt obligations