CBA exchange rates for August 26

Euro exchange rate is AZN 1.6936, the Turkish lira exchange rate is AZN 0.0935, the Russian ruble exchange rate is AZN 0.0281

Banks with largest number of issued concessional loans - List

The list of authorized credit institutions that provided the largest number of soft loans in January-July 2022 has been published.

Banks increase demand at foreign exchange auction by 35%

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

SOFAZ net profit down 3.45 times

The State Oil Fund completed 2021 with a net profit of 1,556,203,000 manats

South Korea's central bank raises interest rates

South Korea's central bank raised its benchmark interest rate by 25 basis points to 2.5%

CBA exchange rates for August 25

As of August 25, the US dollar exchange rate is AZN 1.70, the euro exchange rate is AZN 1.7001, the Turkish lira exchange rate is AZN 0.0936, the Russian ruble exchange rate is AZN 0.0282 (AZN 0.0284 on August 24).

Baku accounts for most loans issued by banks

The total volume of the loan portfolio as of August 1, 2022 amounted to 18,487 million manats.

  Bank Respublika and FMO sign a USD 20 mln loan agreement to support the MSME sector in Azerbaijan

Birbank Visa cardholders to earn additional cashback for payments via Google Pay

CBA exchange rates on August 24

Azerbaijani manat dropped against the euro and the Turkish lira, increased against the Russian ruble, and is stable against the US dollar.

Mastercard celebrates launch of Googlepay in Azerbaijan

Mastercard has been leading the processes of payments digitalization in Azerbaijan, making digital transformation part of the day-to-day life.

Kapital Bank enables contactless payments with Google Pay across Azerbaijan

Kapital Bank cardholders can now make payments quickly and safely with Google Pay.

Euro rate falls below dollar

The euro rate fell below the dollar rate.

Russian Sberbank leaves Kazakhstani market

Russia’s Sberbank is leaving the Kazakhstani market.

MasterCard intends to increase share of non-cash payments in Azerbaijan

Banks increase demand at foreign exchange auction by 61.4%

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

Azerbaijan developing microfinancing strategy

CBA exchange rates as of August 23, euro drops below AZN 1.69

The US dollar exchange rate is AZN 1.70, the euro exchange rate is AZN 1.6891, the Turkish lira exchange rate is AZN 0.0939, the Russian ruble exchange rate is AZN 0.0283.

Banks' loan portfolio up

The loan portfolio of banks increased by 0.9%, or by 167.4 million manats, to 18.487.4 million manats, at the end of July 2022

Azerpoct presents alternative channel for money transfers from Russia

12 bank branches closed in Azerbaijan

Twelve bank branches were closed in Azerbaijan in July this year.