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

Exchange rate of Azerbaijani manat for 31 January

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

NBCOs to connect to payment systems

Azerbaijan has permitted non-bank credit organizations to open current accounts to their credit customers, and these credit organizations can connect to payment systems.

Kapital Bank shareholders to hold a general meeting

The next general meeting of shareholders of Kapital Bank will be held at 11 am on 14 March.

Central Bank’s study: Initial payment on car loans may be reduced

The Central Bank is conducting research to reduce the down payment rate on car loans

Cause of high sales at currency auctions named

Central Bank’s chairman Elman Rustamov has named the cause of the high sales at currency auctions in November, December 2021 and January 2022.

Elman Rustamov: CBA acquired $245 million at auctions

Today, the Central Bank held a meeting on making changes to interest rates

Central Bank raised the discount rate

The Board of the Central Bank of Azerbaijan (CBA) has decided to increase the discount rate by 0.25 percentage points - from 7.25% to 7.5%.

Exchange rate of Azerbaijani manat for 28 January

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