Banks with interest expenses of over AZN 40 million

Interest expenses of five out of the 26 banks operating in Azerbaijan exceeded AZN 40 million last year.

16 banks report growth of interest expenses in Azerbaijan

The interest expenditures of 10 out of the 26 banks operating in Azerbaijan were less last year than in 2020.

Banks reduced demand by 6.2% 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

Central Bank of Russia to start intervention in currency market

The Central Bank of Russia has decided to launch interventions in the foreign exchange market to stabilize the situation in the financial market.

NBCOs have more opportunities to take risks than banks

Exchange rate of Azerbaijani manat for 24 February

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

Number of payment cards observed growth last month

The number of payment cards in Azerbaijan grew by 233,537 cards up to 11.27 million cards.

Azerbaijani banks’ interest expenses on deposits increased

The interest expenses of Azerbaijani banks on deposits have increased.

Exchange rate of Azerbaijani manat for 23 February

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

Annual inflation in Azerbaijan exceeds deposit rates offered by banks

The term deposits in Azerbaijani banks increased by AZN 52.4 million last month.

Population’s deposits in banks amounted to AZN 9 bn for January

Population’s deposits in banks grew by AZN 394.3 million last month and amounted to AZN 9.635 bn as of 1 February 2022.

ABA may start cooperation with The Bank of New York Mellon

In January, total volume of loans given reached AZN 16 bn

The total volume of given loans increased by AZN 122.3 million up to AZN 16.78 bn for January 2022.

Banking sector has grown in Azerbaijan - key indicators revealed

The CBA released some indicators of the banking sector for January 2022.

Demand for currency declined by 0.4%

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 22 February

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

Share of circulating cash for 2021 decreased to 45.8%

MP: A range of banks buy euros at lower exchange rate, but sell at higher one

Forecast: Fed to raise interest rates by 0.25 points at each meeting

Economists at JPMorgan Chase & Co say that the U.S. Central Bank (Fed) will raise interest rates at nine consecutive meetings to avoid inflation

Exchange rate of Azerbaijani manat for 21 February

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

Money transfers to Azerbaijan exceeded $1 bn in 2021

According to preliminary estimates, the money transfers to Azerbaijan amounted to $1.13 bn in 2021.