In 2021, PASHA Bank Georgia suffered losses of a large amount

The net loss of PASHA Bank Georgia amounted to AZN 2.1 million in 2021.

Banks at currency auction reduced demand by 71%

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

When placing deposits in banks, Russians often pay attention to the brand

Exchange rate of Azerbaijani manat for 28 June

The Central Bank of Azerbaijan has announced the exchange rate of the manat to foreign currencies for 28 June 2022.

TuranBank has attracted a large loan from a reputable financial institution! - Photo

Another bank in Turkey starts accepting Mir cards

Exchange rate of Azerbaijani manat for 24 June

On 24 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7918, the manat-lira rate AZN 1.0979 and the manat-ruble rate - AZN 0.0311.

Central Bank of Turkey announces a decision on interests

No increase is expected on credit interests

The increasing effect of the norms of mandatory reserves on credit interests is not expected.

Banks reduce demand by 25.4% 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.

Non-cash payments through cards increased by 9% for May

Banks' interest income observed growth for Jan-May

The interest income on Azerbaijani banks’ loans amounted to AZN 852.8 million for Jan-May 2022 (by AZN 187.8 million or 28.2% more versus Jan-May 2021).

Number of social cards reduced by 15,000 cards

Quantity of payment cards in circulation unveiled

The number of payment cards in circulation in Azerbaijan has exceeded 12 million cards for the first time.

Exchange rate of Azerbaijani manat for 23 June

On 23 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7965, the manat-lira rate AZN 1.0980 and the manat-ruble rate - AZN 0.0315.

Number of employees in Azerbaijani banking sector increased

Banks’ loan portfolio has grown

In May 2022, the total loan portfolio of banks (loans given to customers) increased by AZN 257.9 million and reached AZN 18.98 bn.

Problem loans in Azerbaijan decreased by 6.4%

As of 1 June 2022, the amount of overdue loans in Azerbaijan totaled AZN 673.7 million

Growth of credit investments in banking sector

As of 1 June 2022, the total credit investments in the banking sector reached AZN 18.8 bn.

Exchange rate of Azerbaijani manat for 22 June

On 22 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7842, the manat-lira rate AZN 1.0981 and the manat-ruble rate - AZN 0.0309.

Banks more than double demand at a 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