At what level is concentration in banking system of Azerbaijan?

The level of total concentration of one or several banks in the banking system of Azerbaijan is on the border of low and medium concentration.

Average debt on consumer loans has increased in Azerbaijan

The Central Bank of Azerbaijan reports an increase in the average debt per borrower on consumer loans.

Central Bank currency rates for 18 October

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.

Baku branch of National Bank of Pakistan appeals to its creditors

Azerbaijan's State Budget surplus reached AZN 1.93 bn for past 9 months

Over Jan-Sept 2022, the revenues of the State Budget of Azerbaijan amounted to AZN 22.4 bn and expenditures AZN 20.47 bn.

Central Bank currency rates for 17 October

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

Credit Union Yukselish license canceled

By the decision of the Board of the Central Bank of Azerbaijan, the license of commercial organization Credit Union Yukselish has been canceled.

US dollar steadily grows

For some time, the US dollar has continued to rise in price. EUR/USD rate (euro/dollar) is expected to experience soon its last 20-year lows.

Russia's external debt has reduced

Russia's external debt has decreased by $45.4 bn since the beginning of the year, ABC.AZ reports with reference to the Central Bank of the Russian Federation

Russia's international reserves grew by $8 bn

As of 7 October 2022, Russia's international reserves amounted to $548.7 bn. The shares rose 1.5%, or $8 bn, over the week

Central Bank currency rates for 14 October

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

Bank with revoked license: customers can withdraw funds at any time

The bank was liquidated by the decision of the central office of the National Bank of Pakistan. In this regard, despite 2 months of negotiations, it was decided to voluntarily liquidate the Baku branch of the bank

Liabilities to Baku branch of National Bank of Pakistan amount to AZN 2.5 million

The Baku branch of the National Bank of Pakistan has liabilities of half a million mantas. At the same time, third parties’ liabilities to the bank, secured by a pledge of AZN 3.4 million, reach AZN 2.5 million.

Mastercard appoints new regional vice president

License of Baku branch of National Bank of Pakistan canceled

The Central Bank of Azerbaijan, based on the appeal of the National Bank of Pakistan, has cancelled the banking license issued to its Baku branch on 30 June 2005.

Central Bank currency rates for 13 October

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

Rabobank signs agreement on sale of a subsidiary bank in Turkey

Dutch Rabobank signed a share purchase & sale agreement with Liberyum Danışmanlık for the sale of subsidiary Rabobank A.Ş. in Turkey.

Turkish company launches digital payment service in Azerbaijan

Token Azerbaijan LLC, one of the companies of the Turkiye’s group Koch, has launched a digital payment service

Central Bank currency rates for 12 October

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

AccessBank joined SIBOS 2022 International Banking Forum

Banks lower demand at currency auction by 21.3%

Following the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD