Average commission for money transfers fell below 7%

Introduction of agency banking model begins in Azerbaijan

In Azerbaijan, banks have started to involve third parties in the process of giving loans.

Central Bank: In 9 months, level of dollarization of loans decreased

Manat drops to these currencies

The exchange rate of the manat fluctuated in different directions relative to the currencies of other trading partner countries for Jan-Sept 2024.

CBA: Dollarization of legal entities’ deposits observes decline

Banks’ demand decreased by 10.4% at currency auction

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Bill on State Budget 2025 adopted in 2nd reading in Milli Majlis

The Parliament (Milli Majlis) has adopted the Bill on State Budget 2025 in the 2nd reading.

Zakir Nuriyev: Remote opening of bank accounts should be reviewed

Activities of 8 payment organizations licensed

This year, non-cash payments accounted for 63.8% of all transactions via payment cards within the country.

Green taxonomy to contribute to increasing environmental responsibility of banking sector

Vusal Gasimli: Banks are one of main pillars of country's economy in Azerbaijan

In Azerbaijan, banks are one of the main pillars of the country's economy.

Central Bank currency rates for 3 December

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

Data unveiled on manat circulation rate

As of November 1, 2024, the circulation rate of Azerbaijan's national currency, the manat, was 3.59 points.

Deposits in credit institutions grew more than by 2 bn manats

As of November 1, 2024, the total amount of deposits in credit institutions reached 37.2 billion manats (2.3 billion manats, or 5.8% more against Jan-Oct 2023)

Monetary base in Azerbaijan lowered by 1.4% for Jan-Nov

Central Bank's foreign exchange reserves reduced by $404 million

The foreign exchange reserves of the Central Bank in November decreased by another $403.9 million, or 3.55%.

Most of the loans in foreign currency given in these cities and districts

As of November 1, 2024, the total loan portfolio of Azerbaijani banks in foreign currency amounted to 4.6 billion manats.

Consumer loan portfolio of Azerbaijani banks grew by 1.476 billion manats

Russia's budget deficit for 2025 to exceed $10 bn

The federal budget deficit of the Russian Federation will amount to 1.173 trillion rubles (about $11 billion) in 2025, and 2.181 trillion in 2026 rubles, in 2027 - 2.761 trillion rubles.

Central Bank currency rates for 2 December

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

Business loans increased in Azerbaijan

The share of loans given to small & medium-sized businesses in the portfolio of Azerbaijani banks continues to decline.