Standard & Poors Agency affirms Kapital Banks rating

Exchange rate of Azerbaijani manat for 4 February

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

Prior Credit’s authorized capital has grown 10-fold up to AZN 3 million

The authorized capital of NBCO Prior Credit (a subsidiary of Prior Leasing LLC) has been increased by AZN 2.7 million, or 10-fold up to AZN 3 million.

Banks in Azerbaijan increase demand by 26% 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.

S&P Global Ratings affirms credit ratings of three Azerbaijani banks

Demand for US dollar has grown - SOFAZ unveils volume of sold currency funds

The State Oil Fund of Azerbaijan has announced the amount of finances sold at currency auctions

Exchange rate of Azerbaijani manat for 3 February

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

Cryptocurrency traders to be taxed in India

In India, they decided to tax cryptocurrency traders.

Regions of Azerbaijan whose residents invest most in banks

As of 1 January 2022, the domestic banks raised deposits from the population in the regions of Azerbaijan in the amount of AZN 1.2 bn (21.6% more against early 2021).

Baku residents invest most in banks in foreign currency

As of 1 January 2022, the bank deposits of Baku residents totaled AZN 8.217 bn.

Baku residents’ deposits in banks increased

The portfolio of banks in Azerbaijan on population’s deposits raised from residents of Baku amounts to AZN 8.217 bn as of 1 January 2022

SOFAZ sold $727 million in January

In January 2022, the State Oil Fund of Azerbaijan (SOFAZ) sold foreign currency for $727 million at currency auctions

Exchange rate of Azerbaijani manat for 2 February

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

A new requirement presented for NBCO

Monetary base in Azerbaijan decreased for January 2022

Demand at currency auction decreased by 40%

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

Exchange rate of Azerbaijani manat for 1 February

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

Azerbaijani banks that gave largest number of loans

The Entrepreneurship Development Fund gave subsidized loans for AZN 130.6 million to finance 1,902 projects in 2021.

JPMorgan forecast: US dollar to rise again

Global investment bank JPMorgan has announced that the US dollar may continue to strengthen after the US Central Bank (Fed) raises interest rates in March

Rabitabank shareholders to gather for a meeting

EFSE and Bank Respublika channel USD 15 million towards entrepreneurs in rural Azerbaijan