Companies withdrew part of funds from Gunay Bank

Companies and other organizations have withdrawn part of finances from Gunay Bank.

Exchange rate of Azerbaijani manat for 3 August

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

HSBC Bank has more than doubled its profit

Europe's largest bank, HSBC, more than doubled its profit in the 1st half of this year and announced that it will pay dividends to its shareholders for this period

SOFAZ reduced sale of foreign currency

In July 2021 the State Oil Fund of Azerbaijan (SOFAZ) sold foreign currencies for $461.6 million at currency auctions

Monetary base in Azerbaijan has increased

The monetary base in Azerbaijan as of 1 August 2021 is AZN 14.213 bn

5 banks’ assets in Azerbaijan exceed AZN 1 bn

As of 1 July 2021 the assets of five out of the 26 banks operating in Azerbaijan exceeded AZN 1 bn

Exchange rate of Azerbaijani manat for 2 August

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

Finance Ministry inspected 12 budget organizations

Share of manats in ASB Bank’s deposit portfolio declines

The share of manats in the deposit portfolio of the Industrial Bank of Azerbaijan is decreasing

Elman Rustamov: Macroeconomic framework is formed by Central Bank

Today, Central Bank’s chairman Elman Rustamov noted that 1 dollar may remain at the level of 1.70 manats until 2026

Four banks lost over AZN 6 million in 1st half of 2021

22 banks completed the 1st half of 2021 with net profit of AZN 372 million, and four banks with net loss of AZN 6.3 million

Amount of profit taxes paid by banks for Jan-Jun

The banking sector of Azerbaijan completed the 1st half of 2021 with net profit of AZN 366 million.

CBA chair: Supply at currency market expected to exceed demand by end of 2021

Elman Rustamov: Banks have increased purchases of US dollars

Central Bank’s chairman Elman Rustamov has held a press conference on interest rate parameters

Losses of PASHA Bank’s subsidiary in Georgia decreased 12-fold

The Georgia-based subsidiary of PASHA Bank (PASHA Bank Georgia) completed the 1st half of this year with loss of 1.426 million lari

Central Bank has kept discount rate

The Board of the Central Bank of Azerbaijan has taken a decision to keep the discount rate stable

Gold may rise in value

The dollar index continues to decline in the U.S.

Exchange rate of Azerbaijani manat for 30 July

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

Yelo Bank reduced number of employees by 12%

As of 1 January of this year the number of employees of Yelo Bank reached 831 people.

Int’l Bank of Azerbaijan has total capital of over AZN 1 bn

The International Bank of Azerbaijan reduced its debt on securities in the 2nd quarter of 2021

IBA's assets exceed AZN 8 bn

As of 30 June 2021 the IBA had assets for AZN 8.856 bn. The Bank published the report for the 1st half of 2021