Nuriyev: Existing payment ecosystem should be deepened

The technology of open banking in Azerbaijan should ensure provision of payment services based on the technology of open banking in Azerbaijan.

Over 20 organizations applied for licences to central bank

More than 20 payment and electronic money organizations have applied for a license to the Central Bank of Azerbaijan (CBA) to date.

Changes made to procedure for giving student loans

Changes have been made to the procedure for giving educational student loans at the expense of the Student Loan Fund.

Internet banking operations grew by 18%

The volume of internet banking transactions in Azerbaijan increased by 18% in the first quarter of 2024 versus Q1 of 2023 and exceeded 59 bn manats (over $34.7 bn).

Central Bank currency rates for 15 May

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

Banks’ demand increased by 42.6% at currency auction

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Central banks of Azerbaijan and Kyrgyzstan sign Memorandum of Understanding

Central banks of Azerbaijan and Kyrgyzstan have signed the Memorandum of Understanding.

AccessBank announces an increase in interest rates on dollar deposits

Central Bank currency rates for 14 May

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

Empowering tomorrow’s innovators: Kapital Bank supports “My Technology” initiative

Central Bank currency rates for 13 May

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

Price of gold has risen up to maximum in last 3 weeks

The price of gold has risen to maximum in the last 3 weeks.

FINCA Azerbaijan paid dividends for 2.287 million manats to founder

FINCA Azerbaijan BOKT, a subsidiary of the US microfinance financial institution in Azerbaijan, also announced payment of dividends to its shareholder in 2023.

Central Bank currency rates for 10 May

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

A meeting of heads of insurance companies at Central Bank

Get your car easier by Kapital Bank

Global borrowing reaches $315 trillion

The global debt has reached an all-time high of $315 trillion.

Changes in the use of the m10e electronic wallet starting May 9, 2024

Falcon Finance attracts debts and doubles lending

Non-bank credit organization Falcon Finance LLC has announced net profit by the end of 2024 in the amount of more than 309,000 manats (in 2022 - about 21,000 manats).

IMF notes a decrease in dependence on US dollar among some countries

Several countries are working to reduce their dependence on the US dollar due to the turmoil caused by the COVID-19 pandemic and the conflict in Ukraine, as well as out of national security interests.

Central Bank currency rates for 8 May

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