Azerbaijan observes 2.2-fold growth on non-cash transactions

According to CBA statement, the number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 271,000 cards in October.

In October, volume of problem loans declined by 15.3%

As of November 1, 2023, the volume of overdue loans in Azerbaijan amounted to AZN 440.4 million (15.3% less than a month earlier), ABC.AZ reports with reference to the CBA.

Azerbaijan numbers 16.2 million bank cards

Azerbaijani banking sector's assets exceed 46 bn mantas

In October, number of employees in banking sector fell by 238 people

As of October 31, 2023, 23 banks in Azerbaijan have a network of 471 branches and 86 sub-branches.

Operating profit of banking sector amounted to AZN 1.369 billion in 10 months

Banks lower demand at currency auction by 21.2%

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 Bank currency rates for 23 November

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.

New criteria developed in banking sector of Azerbaijan

Ranking of countries with the highest market value - List

The rating of the countries with the highest market value in 2023 has been published.

NBCO called Mojo established in Azerbaijan

Another non-bank credit institution has been established in Azerbaijan.

Banks increase their foreign exchange earnings by 47%

Foreign exchange market decreased by 9% in 9 months

Over Jan-Sept 2023, transactions for $23.8 billion were made on the foreign exchange market of Azerbaijan.

Money transfers to Azerbaijan decreased by 54% for 9 months

Central Bank currency rates for 22 November

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.

NBCO Finoko shares grow at upcoming meeting

A meeting of shareholders of NBCO Finoko OJSC will be held.

Bittrex crypto exchange announced closure

The Bittrex Global cryptocurrency exchange has notified users of termination of all trading operations on the site since December 4.

World’s oldest bank is for sale in Italy

The Italian government has taken the first step in the privatization of the world's oldest bank Monte dei Paschi.

Demand at currency auction increased by 18.7%

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

Mastercard has entered the Chinese market

Central Bank’s action to reduce costs of entrepreneurs