Total market value of cryptocurrencies falls by $253 billion in a day

When inflation expectations in the U.S. are exceeded, the cryptocurrency market is heading for collapse.

Banks’ demand grew by 12% 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.

UniCredit intends to sell its division in Russia

Italian financial group UniCredit S.p.A. is negotiating the sale of its subsidiary bank operating in Russia.

Exchange rate of Azerbaijani manat for 12 May

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

Sberbank and VTB look for investors for sale of subsidiaries in Kazakhstan

Sberbank and VTB are looking for investors to sell their subsidiaries in Kazakhstan.

Exchange rate of Azerbaijani manat for 11 May

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

Bitcoin falls in price more than by 20%

The cost of bitcoin has decreased against November 2021 and dropped below $31,000.

Demand at currency auction grew by 32% in Azerbaijan

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

Chinese bank cuts exchange rate of national currency

The People's Bank of China (Central Bank) lowered the yuan (the official name of the national currency) to the dollar by 235 points - to 6.7134 yuans.

European banks lost a lot of money with start of special operation in Ukraine

The largest European banks lost 5 bn euro after the start of the special operation in Ukraine.

Exchange rate of Azerbaijani manat for 10 May

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

Coinbase crypto exchange to ban Russians from accessing account records

The Coinbase crypto exchange has warned Russian users about the imminent restriction of access to their accounts.

Unibank suffered loss of AZN 40 million

Unibank has published the financial statements for the first quarter of 2022.

New Head of Department appointed at AccessBank

Azerbaijan's auditors concluded contracts for AZN 100 million with economic entities

In 2021, Azerbaijan's auditors concluded 5,956 contracts (by 29.9% more) with economic entities in the amount of AZN 100 million (17.8% more against 2020)

Problem loans and situation in banking sector discussed

State Tax Service’s head Orhan Nazarli met with members of the Association of Banks of Azerbaijan (ABA).

Exchange rate of Azerbaijani manat for 6 May

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

Activity of 5 auditors suspended in Azerbaijan

Bank of England raises discount rate

Bank of England has made a decision on the discount rate.

Azerbaijani banks’ demand at currency auction falls by 30%

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

Bank that started the year with loss

In the 1st quarter of 2022, the administrative expenses of Bank BTB decreased sharply – by 42%.