S&P: Profitability of Azerbaijan's banking sector to be stable in 2024-2025

The banking system of Azerbaijan is recovering after a long correction.

SOFAZ increases foreign currency sales last month

In July 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold currencies worth $826.3 million.

S&P: We expect Azerbaijan’s banking sector to grow by 10-15% in 2024

Despite our low expectations on economic growth in Azerbaijan, we expect the banking sector to increase by 10-15% in 2024

Central Bank currency rates for 2 August

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.

This June, about $2 million transferred from Kazakhstan to Azerbaijan

The National Bank of Kazakhstan has published data on international money transfers for June 2024.

Monetary base in Azerbaijan increased by 13.5%

CBA's foreign exchange reserves increased by 27.3%

The Beginning of the right path: Kapital Bank celebrates its 150th Anniversary with students of Baku State University

Banks reduced demand by 23.3% at currency auction

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Bank of England may lower rate to 5% per annum today

The Bank of England may lower the base interest rate following the meeting on August 1 by 25 basis points, to 5% per annum, many economists believe.

Central Bank currency rates for 1 August

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

Exclusive gifts for “Maestro” tariff users from Birbank Biznes

Interest to loan insurance has sharply increased in Azerbaijan

The data on premiums and compensation payments on voluntary loan insurance in Azerbaijan for Jan-Jun has been published.

Taleh Kazimov: In coming months, we also don’t expect impact of mandatory reserve norms on interest rates

The increase in interest rates on some loans in Azerbaijan is not linked with increase in the mandatory reserve rates.

Taleh Kazimov: If there are no risks, monetary policy tightening is not envisaged

If our forecasts do not seriously change and do not differ from the facts, new macroeconomic challenges do not arise and uncertainty does not increase, the Central Bank of Azerbaijan will keep its interest rates stable in the coming months

Azerbaijan's strategic foreign exchange reserves amount to about $70 billion

Russia may switch to mass introduction of digital ruble by July 2025

Central Bank of Azerbaijan has kept discount rate stable

The Board of the Central Bank of Azerbaijan (CBA) has decided to maintain the discount rate at 7.25%.

Central Bank currency rates for 31 July

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

Bitcoin exchange rate drops more than by $3,000 in one day

The exchange rate of bitcoin (BTC) on the Binance cryptocurrency exchange reached $66,600. Over the past 24 hours, the first cryptocurrency has lost about 4%, or more than $3,000.

Great news for Birbank installment cardholders: The installment option for Trendyol payments has been extended.