Fed: Interest rate hikes to be slower this year

The U.S. Federal Reserve System (FRS; Fed), acting as the country's central bank, intends to raise the base interest rate at a slower pace than in recent months.

Banks lower demand by 60.7% 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 Bank currency rates for 6 July

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

The most active banks in the media

Central Bank currency rates for 5 July

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

Banks’ demand at currency auction grew by 94.6%

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

CBA received $400,000 worth consultations from US company

Bank of Kazakhstan intends to grow in Azerbaijani market

Bank Fridom Finans Kazaxstan is interested in expanding its activity in the Azerbaijani market

Central Bank currency rates for 4 July

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

ABB Bank to pay AZN 156.6 million of dividends to its shareholders

CBA received income from foreign exchange transactions for 2022

CBA reduced credit investments in local banks

Central Bank’s loss lowered by 61%

CBA did not transfer funds to State Budget last year

The Central Bank of Azerbaijan did not transfer finances to the State Budget.

Caspian Invest’s loss has grown sharply

NBCO Caspian Invest has announced the results of 2022.

Banks’ non-interest income and expenses increased

Azerbaijani banks incurred non-interest expenses in the amount of AZN 860.4 million for Jan-May 2023

Finoko’s authorized capital increases by 500,000 manats

Non-bank credit organization FINOKO plans to increase the authorized capital by 500,000 manats.

Property of four banks in Azerbaijan put up for auction

Central Bank currency rates for 3 July

Azerbaijani manat rate has fallen to the euro, to the Turkish lira, and to the Russian ruble.

List of banks to work on upcoming holidays

Banks that will work on holidays have become known.

Goldman Sachs to cut more than a hundred managing directors worldwide

American bank Goldman Sachs Group Inc. has begun a large, but not public reduction of its managing directors around the world.