SOFAZ transfers to State Budget exceed 150 billion manats

The transfer from the State Oil Fund of Azerbaijan (SOFAZ) to the State Budget on October 1 amounted to 152.736 billion manats, ABC.AZ reports, referring to SOFAZ.

Azerbaijani banks made operating profit of 1.3 bn manats this year

As of September 1, 2024, the operating profit of Azerbaijani banks totaled 1.268 billion manats.

Losses of credit unions in Azerbaijan grew by 77% - Report

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Central Bank currency rates for 25 October

Azerbaijani banks earn a lot of money on loan interests

As of October 1, 2024, the interest income of Azerbaijani banks on loans amounted to 2.232 billion manats.

Total authorized capital of NBCOs increased by 40%

Over the last 9 months of 2024, the balance sheet capital of the NBCOs of Azerbaijan amounted to 462.2 million manats.

Delinquencies on PASHA Bank’s loans given to these industries most often occur

PASHA Bank's financial indicators showed an increase on bank's problem loans.

Growth reported on PASHA Bank’s problem loans

PASHA Bank's loan portfolio in the 3rd quarter of this year reached 3.249 billion manats, ABC.AZ informs, referring to the figures of bank's quarterly report.

Total assets of NBCOs exceed 979 million manats

As of October 1, 2024, the total assets of non-bank credit organizations of Azerbaijan amounted to 979.9 million manats.

CBA discusses with WB the opportunities of partnership expansion

The Central Bank of Azerbaijan and the World Bank have discussed preparations for a new Country Partnership Agreement for Azerbaijan and its strategic directions.

NBCOs’ expenses exceed non-interest income

For the past 9 months of 2024, NBCOs’ non–interest income totaled 84.3 million manats, expenses - 98.2 million manats, operating profit – 192 million manats, income tax payments – 32.5 million manats.

With the sponsorhip of  Kapital Bank the “Agile Azerbaijan International Summit-2024” took place

For past 9 months, NBCOs received interest income for 233 million manats

In 9 months of 2024, the non-bank credit organizations of Azerbaijan received 233 million manats of interest income.

Banks' interest income approaches to 1 bn manats

As of October 1, 2024, the interest income of Azerbaijani banks amounted to 939 million manats.

Overdue loans increased almost by 10% in 9 months

As of October 1, 2024, the amount of overdue loans in Azerbaijan totaled 480 million manats.

Average interest rate on cash loans has increased

Banks increase demand at currency auction by 64.2%

Number of bank cards approaches to 19 million

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 356,000 cards at the end of September compared with last month and reached 18,923 cards.

Net profit of banking sector decreased

Data unveiled on bank branches in Azerbaijan

As of September 30, 2024, 22 banks numbered 482 branches, 88 branches and 3.14 billion ATMs.