WB`s report on Azerbaijan

The World Bank has published the next report on the current state of the economies of Europe and Central Asia, detailed analysis of trends observed in the field of finance, business and investments

Oil Fund`s assets have grown more than by 10%

Extra-budgetary expenditures of the State Oil Fund of Azerbaijan (SOFAZ) amounted to AZN 219.8 million due to the difference in exchange rates

AZN 18 million spent on State Oil Fund management for past 9 months

Budget revenues of the State Oil Fund of Azerbaijan for Jan-Sept 2019 amounted to AZN 14.715 bn and budget expenditures AZN 7.68 bn

A new model of Int’l Bank is ready - Chief banker

One of the foreign consulting companies has developed a new business investment model of the International Bank of Azerbaijan

Difference between deposits and loans clarified

The sharp difference between deposits accepted by banks and annual interest rates of loans is caused by risks on collateral

Problems in business environment reduce demand for loans – Central Bank chair

The Central Bank of Azerbaijan has repeatedly advised the domestic banks not to get too attached to consumer loans

Certain problems remain in banking sector - Elman Rustamov

We have achieved a single digit in the inflation rate

Central Bank announces interest rates

The Central Bank has made a decision to cut the discount rate from 8% to 7.75%

Elman Rustamov`s answer to info on his resignation

Central Bank`s chairman Elman Rustamov has clarified on the occasion of rumors about his resignation

Central Bank cuts discount rate for seventh time in 2019

The Central Bank of Azerbaijan has lowered the discount rate by 0.25%

Central Bank announced exchange rate on 25 October

The Azerbaijani manat has grownto the euro and is stable to the US dollar and the Russian ruble

Central Bank issued a commemorative coin

The Baku State University marks this year the 100th anniversary of its foundation

Five cryptocurrencies fall and one rises in price - Exchange

A decline in prices is observed in the cryptocurrency market.

Employee rate in banking sector has grown again – 1,496 people

The adequacy ratio of total capital for September made up 22.6% (2.3-fold more versus the minimum standard)

Balance capital in banking sector has grown - Report

The total capital of the banking sector reached AZN 4.236 million for September of the year

Deposits in manats have increased - REPORT

The retail deposits amounted to AZN 8.49 million for September 2019

Total assets of banks operating in Azerbaijan unveiled

The Financial Market Supervision Authority (Fimsa) has published the summary indicators of the banking sector for September 2019

Xalq Bank`s profit rises by about AZN 7 million

Xalq Bank`s interest income increased by AZN 365,900 (0.45%) up to AZN 82.51 million (versus the 2018 same term)

Xalq Bank`s assets have grown by 8%

Following the results of Q3 of 2019, Azerbaijan’s Xalq Bank managed to keep stable growth rate on its key financial indicators

Central Bank held a currency auction

The Central Bank of Azerbaijan has conducted a regular currency auction

Central Bank announced exchange rate for 24 October

The Azerbaijani manat has increased to the Russian ruble and dropped to the euro