Payments to closed banks depositors continue – over AZN 500 million paid

As of 29 September the Azerbaijan Deposit Insurance Fund paid more than AZN 537 million to 22,757 depositors of AG Bank, Amrah Bank, NBC Bank and Ata Bank

Quantity of cash machines grew by 23

The Central Bank has unveiled some statistics on the banking sector as of 1 September 2020

Baku numbers over 36,000 POS terminals

The Central Bank has published the number of POS terminals installed in Azerbaijan and noted that as of 1 September 2020 the indicator reached 56,547 terminals

Number of POS terminals in country has decreased

During the month the number of POS terminals in Azerbaijan increased by 1,060 units or 1.9% up to 56,547 terminals as of 1 September 2020

Forecast: Euro and British pound may fall in price

The procedures taking place in the global economic and political arena have led to the fact that the US dollar remained under pressure from the euro and the British pound.

Gold and silver have fallen in price

Gold and silver prices have been declared on world exchanges

Exchange rate of Azerbaijani manat for 30 September

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

Azerbaijan Deposit Fund: Giving of compensation to closed banks’ depositors comes to an end

As of 28 September the Azerbaijan Deposit Insurance Fund (ADIF) has paid more than AZN 536.2 million to 22,719 depositors of closed banks AG Bank, Amrah Bank, NBC Bank and Ata Bank

Central Bank sold $62.2 million to banks at currency auction

The weighted average exchange rate of the manat to the US dollar was AZN 1.70

Turkish lira steadily gets cheaper – Cause

On 28 September, the Turkish lira fell by 1% to the US dollar and updated its historical low, falling to 7.8 liras

Exchange rate of Azerbaijani manat for 29 September

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

Well–known financial agency`s forecast on Azerbaijani banks

S&P Global Ratings Agency has published a forecast concerning the commercial banks in Azerbaijan

Central Bank reports on cash available outside of banks

The Central Bank issued a statement about broad money supply in Azerbaijan as of 1 September 2020

Money supply has grown for past month

The broad money supply in Azerbaijan amounted to AZN 26.9 bn as of 1 September 2020

Exchange rate of Azerbaijani manat for 28 September

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

Deposits at banks grew on a monthly basis and reduced on an annual basis

The Central Bank of Azerbaijan has published the number of population’s deposits at the domestic banks as of 1 September 2020

Banks` loan portfolio has grown to about AZN 100 million

As of 1 September the banks` loan portfolio totaled AZN 14.304 bn

ADIF paid over AZN 534 million to depositors of closed banks

As of 24 September the Azerbaijan Deposit Insurance Fund paid more than AZN 534.43 million to 22,604 depositors of AG Bank, Amrah Bank, NBC Bank and Ata Bank.

Turkish lira rises in price – affected by rate increase

The Central Bank of Turkey raised the rate at the meeting on 24 September by 2 percentage points from 8.25% up to 10.25%

Gold has fallen and silver grown in price a little

Exchange rate of Azerbaijani manat for 25 September

Euro rate has increased to the Azerbaijani manat, while the US dollar and the Russian ruble have kept their rates