SOFAZ assets grew more than by 13%

Over Jan-Sept 2023, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 13.2% and as of October 1 amounted to $55.524 billion.

Kapital Bank has released financial results for the third quarter of 2023

Azerbaijan discussed expansion of digital payments with Mastercard

During our working visit to the Kingdom of Morocco, we met with the head of Mastercard for the Eastern European region, Yasemin Bedir.

Scope of NBCO's activity expands

The scope of activities of non-bank credit organizations (NBCOs) is expanded.

Responsibilities of auditors increased

The responsibilities of auditors are being increased.

Rules of repayment of creditors' claims of e-money organization defined

The rules of payment of creditors' claims of the payment organization and the organization of electronic money have been defined.

CBA powers expand

The powers of the Central Bank of Azerbaijan (CBA) are expanded.

Central Bank currency rates for 13 October

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

VTB (Azerbaijan) published a report for Q3 - profit reaches AZN 8.6 million

VTB Bank (Azerbaijan) OJSC has published the financial indicators for the 3rd quarter of 2023.

Yapı Kredi Bank Azerbaycan has published a report - total capital reached AZN 85.7 million

Yapı Kredi Bank Azerbaycan fulfilled the prudential standards set by the Central Bank at the proper level in the 2nd quarter of this year.

Azerbaijani bank that completed Q3 with net profit of AZN 10 million

Yapı Kredi Bank Azerbaycan CJSC announced financial results for Q3 of 2023.

Resolution of disputes on card-to-card transactions discussed in Azerbaijan

NBCO is under liquidation in Azerbaijan

Non-bank credit organization Union Kredit OJSC has announced its liquidation.

Asian Development Bank and Bank Respublika sign a major loan agreement

Central Bank currency rates for 12 October

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

Birbank Student Scholarship Program Winners Announced

Central Bank currency rates for 11 October

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

Azerbaijan's strategic currency reserves reach $67.5 bn

AccessBank disclosed its financial statement for the third quarter of the year

Receipts on financial and insurance activities increased

The revenues from financial and insurance activities in Azerbaijan totaled AZN 1.53 billion in the 3rd quarter of 2023.

Central Bank: Economic activity in trade declined in 3rd quarter of 2023

In Azerbaijan, dominance of the non-profit sector in payment receipts continued in the 3rd quarter of 2023.