Azerbaijan’s bank, whose loan portfolio grew by 43% in 2022

Yelo Bank has published a report on its financial indicators for the past year

Yelo Bank's loan portfolio observed sharp growth

Yelo Bank's loan portfolio grewdramatically in 2022. At that, the share of business loans in the portfolio reached a record level.

Interests on loans may rise in Azerbaijan

Interests on loans in Azerbaijan may rise again.

CBA sold $27.5 million to banks 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.

Birbank cardholders earned AZN 3.8 million cashback in January

Devaluation in Lebanon — country's currency has fallen in price

Lebanon, which is in difficult economic situation, devalued the local currency.

Fed raised rate up to 4.50-4.75%

Will Bank Melli Iran close in Azerbaijan?

The Central Bank of Azerbaijan has not received an appeal in connection with the liquidation of the license of Iranian bank Bank Melli Iran.

CBA: Azerbaijani banks can direct AZN 5 bn of additional finances to real sector

Azerbaijani banks can direct additional AZN 5 bn ($2.9 bn) to the real sector.

Taleh Kazimov: Construction of new administrative building of Central Bank never stopped

The construction of the new administrative building of the Central Bank has never stopped, construction work on the project continues.

Central Bank created interbank organized foreign exchange market in country

For the first time in Azerbaijan, the Central Bank has created an interbank organized foreign exchange market.

Taxation of interests on deposits not to have significant impact on financial markets

Will deposits interests be changed after taxation?

We expect banks to reflect tax expenses in interests of deposits.

Will loan interests be increased?

We expect banks to reflect tax expenses in interests of deposits.

Foreigners made bank card transactions for AZN 2.2 bn

CBA: Situation with COVID-19 makes external environment of inflation very volatile

The Central Bank has issued a statement on some indicators.

CBA: Stabilization of world energy and food prices reduces inflation

Under the conditions of stabilization of world prices for energy and food, starting from the 4th quarter of 2022, inflation in the trading partner countries began to gradually decrease.

CBA: Inflation in Azerbaijan to slow down to 8% this year

The Central Bank of Azerbaijan predicts slowdown in annual inflation to 8% in 2023

Central Bank raised discount rate up to 8.5%

For the first time this year, the Central Bank of Azerbaijan raised the discount rate by 25 basis points to 8.5%.

Central Bank currency rates for 1 February

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

MP: Tax on deposits to be charged from this date