Taleh Kazimov: Reforms are underway to bring Azerbaijan's financial sector to a new level of development

All-round reforms for bringing the financial sector of Azerbaijan a qualitatively new level of development are being successfully implemented.

CBA representative: Amount of cashback depends on business model of banks

If the Central Bank sees the impact of banks' cashback companies on their financial stability, it can give instructions on optimizing costs

Central Bank fines financial participants for 135,000 manats

In the 1st half of this year, fines were imposed on participants in the financial sector as part of verification and control measures.

Stability of Azerbaijan's financial sector improved

In the 1st half of this year, the stability of Azerbaijan's financial sector increased.

Demand at currency auction decreased by 5.7%

The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

AccessBank Joins EBRD’s Trade Facilitation Programme Photo

Central Bank currency rates for 1 October

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

Founder of Binance crypto exchange released from prison

On September 27, the founder and former CEO of the Binance crypto exchange, Zhao Changpeng, was released from a correctional facility in California.

These deposits of companies in banks lowered by 47.5 million manats

As of September 1, 2024, the deposit portfolio of legal entities in Azerbaijani banks amounted to 5.28 bn manats.

Companies’ deposits in banks exceed 21.1 bn manats

As of September 1, 2024, the deposit portfolio of legal entities in Azerbaijani banks amounted to 21.112 bn manats, ABC.AZ informs with reference to the CBA monthly Statistical Bulletin.

Crypto traders actively buy up Bitcoin call options with strike price of $75,000

Crypto traders are actively buying up bitcoin call options with a strike price of $75,000 in the hope of further growth of the digital asset.

Place deposit to Kapital Bank and get a chance to win 50 000 AZN

Consumer loan portfolio of Azerbaijani banks has grown

As of September 1, 2024, the consumer loan portfolio of Azerbaijani banks amounted to 7.978 bn manats.

Data unveiled on payments abroad via bank cards in Azerbaijan

The volume of payments abroad by bank cards in Azerbaijan increased by 5% compared with last year.

Experts recommend selling gold and buying silver

It is recommended to sell gold relative to silver, ABC.AZ reports, referring to Bank of America strategists.

Central Bank currency rates for 30 September

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

Profitability in NBCO sector has increased much

In the 1st half of 2024, the dynamics of profit growth in the sector of non-bank credit institutions is observed, ABC.AZ informs, referring to CBA financial stability report for the 1st half of 2024.

Is devaluation expected in Azerbaijan?

Azerbaijani Finance Minister Samir Sharifov has clarified the allegations that there will be devaluation in the country.

Banks’ deposit interests paid to population for 8 months made public

About 17.5 bn manats spent on restoration work in liberated lands

To date, about 17.5 billion rubles have been spent on construction and restoration work in the territories, liberated from occupation

Banks' income from interest on loans exceeded 2 billion manats in eight months

The revenues of Azerbaijani banks from loans for Jan-Aug 2024 have been published.