Deposits of legal entities in banks decreased, while those of individuals increased

Despite the fact that in 2024 there was a decrease in deposits of legal entities, which are the main source of financing for the banking sector, there was a high increase in deposits of individuals.

Central Bank pursues monetary policy to regulate inflationary processes

During the 1st half of 2024, the Central Bank pursued monetary policy in the direction of regulating inflationary processes amid the improved transmission of monetary policy decisions through the interest rate channel.

Central Bank currency rates for 27 September

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

Kapital Bank finalized the placement of subordinated dollar bonds by subscription

New requirements set for members of Supervisory Board in banks with state equity stake

The Board of the Central Bank of Azerbaijan (CBA) has made changes to the Standards of Corporate Governance in Banks.

Population has deposits in banks for 14 billion manats

Populations deposits in banks of Azerbaijan has reached a historical maximum of 14 billion manats.

Non-cash card payments totaled 6.812 million manats for August

Demand of banks at foreign exchange auction has increased

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

Number of payment cards in Azerbaijan exceeds 18.5 million cards

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 227,000 cards at the end of August compared with July and reached 18.567 million cards.

Problem loans of Azerbaijani banks decreased during the year

As of September 1, 2024, banks’ overdue loans from banks in Azerbaijan totaled 473.1 million manats (4.3% more than on August 1).

Share of credit unions and NCOs in total loan portfolio has decreased so much

The Central Bank has released the indicators in the banking sector.

China invests $142 billion in its largest banks

China is considering a possibility to inject up to 1 trillion yuans ($142 billion) into its largest state-owned banks to increase its ability to support the struggling economy

Azerbaijan's banking sector obseved growth in August

An important decision in connection with bank shareholders

Number of bank employees in Azerbaijan grew in August

Central Bank currency rates for 26 September

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

Central Bank has issued a license to them

Central Bank signs a new Memorandum – influx of investments is expected

AccessBank Launches a Beneficial Cashback Campaign for Apple Pay Users!

Money transfers from Persian Gulf countries to Azerbaijan increased

The money transfers to Azerbaijan from the Persian Gulf countries, as well as from the United Arab Emirates, increased by 5% in the 1st half of this year compared with the previous year.

Value of December’s gold futures approaches to $2,700

Gold prices continued their four-day upward trend on September 24, and during the session, the price of December’s futures reached a record high of $2,694.9 per troy ounce.