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

Oil Fund’s revenues and expenses unveiled

Azerbaijan's foreign exchange reserves exceed $52 bn

Azerbaijan's foreign exchange reserves totaled $52.1 bn as of 1 January 2022.

Exchange rate of Azerbaijani manat for 19 January

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

Kapital Bank has announced the financial results of 2021

Kapital Bank’s assets as of January 1, 2022 have amounted to 6.7 bln. manats, while the volume of the Bank’s credit portfolio has reached 2.7 bln. manats.

Deficit of over AZN 993 million forms in budget

Azerbaijan’s State Budget revenues for 2021 amounted to AZN 26.419 bn and expenditures AZN 27.412 bn

Population’s nominal income has grown

The statistical data on the nominal income of the population for 2021 has been published

Expert: Probability of devaluation in Azerbaijan is low

Expert Akram Hasanov has commented on the introduction of restrictions on the purchase of US dollars.

Central Bank restricts purchase of dollars or private banks?