Banks with loan portfolio exceeding 1 bn manats

The names of the banks that had the largest portfolio of business loans in Azerbaijan in the 1st quarter of this year have become known.

TuranBank has opened a correspondent account in US dollars with Habib American Bank

Central bank to make a decision on interests this week

On May 1, the Board of Directors of the Central Bank makes the third decision of 2024 on the discount interest rate.

Central Bank currency rates for 29 April

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

Deposits in Azerbaijani banks lowered

Central Bank released average interest rates on consumer loans

Interest rates on new deposits and loans in manats decline in Azerbaijan

In March 2024, the average interest rates on attracted new deposits and loans from customers in the national currency in Azerbaijan decreased slightly.

Money supply increased by 9% in Azerbaijan

As of April 1, 2024, the money supply in broad definition in Azerbaijan amounted to 44.8 bn manats.

Interests paid by banks on deposits to population published

Over Jan-Mar 2024, Azerbaijani banks paid interest on attracted deposits in the amount of 191.4 million mantas, ABC.AZ reports with reference to the Central Bank.

Banks’ income from loans for past three months

The data has been published on revenues of Azerbaijani banks from loans for Jan-Mar 2024.

Mehmet Gulez: In Azerbaijan, we render consulting services for 7-8 banks

Currently, we render consulting services for 7-8 banks in Azerbaijan.

Net profit of Azerbaijan’s NBCOs has grown

Mastercard's goals in Azerbaijan revealed

Mastercard representative: E-commerce in Azerbaijan to expand in near future

We have provided 35% of digitalization in the world and 31% in Azerbaijan.

Credit unions ended 1st quarter with losses

Credit unions of Azerbaijan completed the 1st quarter of 2024 with loss of 800,000 manats.

Central Bank currency rates for 26 April

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

Kapital Bank participated in Azerbaijan’s banking mission’s inaugural visit to the United States

Money transfers to Azerbaijan from abroad decline by 31%

Volume of problem loans in Azerbaijan drops by 20%

As of April 1, 2024, the amount of overdue loans in Azerbaijan totaled 470.8 million manats.

Net profit of banking sector grew more than by 16% in 3 months

Over Jan-Mar 2024, the banking sector of Azerbaijan received net profit of 311.5 million manats.

Banks have reduced demand 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.