Banks with reduced income tax payments

12 out of the 24 banks operating in Azerbaijan paid income tax for Jan-Sept 2023 and in eight of them this figure was higher against Jan-Oct 2022.

Demand at currency auction decreased by 27.8%

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

IFC is interested in digitalization in Azerbaijan

Digitalization leads to economic growth in a number of countries, including Azerbaijan, and promotes "green" growth.

Central Bank currency rates for 16 November

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

Maximum amount of state-guaranteed loans in Karabakh and Eastern Zangezur published

The maximum amount of state-guaranteed subsidized loans given to entrepreneurs in the territories of Azerbaijan liberated from occupation may amount to 4 million manats.

SDG risks in Azerbaijan are widely covered only in 10 banks

Unfortunately, in Azerbaijan, the strategy of the vast majority of banks, in the plans adopted by the supervisory boards, did not widely cover the risks of the Sustainable Development Goals (SDGs).

Siyavush Novruzov: Citizens cannot borrow from banks at low interest rates

Citizens cannot borrow from banks at low interest rates.

NBCO Credagro's annual revenue lowered by 6% - Report

Non-bank credit organization KredAqro LLC became commercial in 2022, but it cannot bring such income as before

Central Bank currency rates for 15 November

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

Banks that have not allocated funds to special reserves – Report

Nine out of the 24 banks operating in Azerbaijan did not allocate finances to special reserves for Jan-Sept 2023.

Accounts Chamber’s chair about problems in public sector financial reports

Banks with decreased operating profit this year

The operating profit of 17 out of the 24 banks operating in Azerbaijan for Jan-Sept 2023 was higher against Jan-Sept 2022.

Banks increased demand at currency auction by 65%

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 14 November

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.

Taleh Kazimov: Decisions on interest rate corridor also to serve stability of exchange rate

Inclusion in the target range of inflation forecasts for the medium term, that is, for 2-3 years, will further soften monetary conditions.

Taleh Kazimov: Our banks aren’t interested in giving active business loans

Size of 73% of deposits in banks does not exceed 30,000 manats

In Azerbaijan, the amount of 73% of deposits placed in banks does not exceed 30,000 manats.

CBA purchasing interventions in market aim to ensure stability of exchange rate in currency market

The supply exceeded the demand at 99 of the currency auctions held by the Central Bank for 10 months of this year.

AZN 1.1 bn to be spent on food safety next year

Next year, 1.11 bn will be allocated to finance activities in the agricultural sector and to ensure food safety.

Strengthening defense capability and building an army remain top priority

Strengthening the country's defense capability and building an army remain the main priority.

MP: Banks seek to earn more income at expense of customers

A number of systemically important banks have decided to increase the tariff for SMS notification by 2.5 times from next month. Such artificial tariff increases should be stopped