Turanbank's operating income grew more than by AZN 8 million in 2021

Turanbank has published the financial indicators for 2021

Change in Rabitabank - Orhan Gultekin appointed first deputy

Some changes have occurred in the board of Rabitabank.

Demand at currency auction has increased

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

JPMorgan puts end to ruble

JPMorgan, the largest investment bank in the U.S. by assets, has completely withdrawn from the Russian ruble.

Exchange rate of Azerbaijani manat for 25 January

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

Dollarization of Azerbaijani population’s bank deposits has decreased

In 2021, population’s bank deposits in foreign currency decreased by 8.7% to AZN 3.789 bn or 41% of all deposits of the population

8 banks ended the year with profit

Nine out of 26 banks operating in Azerbaijan published the financial indicators for 2021

Household deposits in banks have grown

As of 1 January 2022, the volume of deposits of the Azerbaijani population in the country's banks amounted to AZN 9.24 bn.

Central Bank: Number of cash machines and POS terminals also increased

The Central Bank reported the growth of bank cards in the country last year.

Non-cash transactions have increased

The volume of non-cash transactions within the country grew by 83% compared with 2021.

Volume of problem loans disclosed

The amount of overdue loans in Azerbaijan totaled AZN 719.4 million as of 1 January 2022 (8.5% less than on 1 December).

Banking sector has grown - profit exceeds AZN 600 million

The banking sector of Azerbaijan in 2021 received net profit of AZN 609 million.

NBCO profit and loss statistics in 2021

Growing indicators of banking sector

The main indicators of the banking sector as of 31 December 2021 have been published.

Bitcoin is traded below $34,200

Bitcoin fell to $34,161 during the trading session on Saturday, website Coindesk says.

Exchange rate of Azerbaijani manat for 24 January

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

Banks lower demand 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

SOFAZ transfer to State Budget decreased

In 2021, the State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 11.35 bn to the State Budget against the forecast of AZN 12.2 bn

Bitcoin has fallen sharply in price

The price of bitcoin has dropped significantly.

Exchange rate of Azerbaijani manat for 21 January

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

Azerbaijan’s Oil Fund directed over AZN 10 million for education

AZN 11.35 bn were transferred to the State Budget last year as part of the execution of the budget of the State Oil Fund of Azerbaijan