Taleh Kazimov comments on high loan rates in Azerbaijan

Loans given to legal entities in Azerbaijan start at 11%, there is no 20% in this area.

Taleh Kazimov: We plan to use digital tools to introduce a check system

The Central Bank of Azerbaijan plans to use digital tools to introduce a check system in the country.

Central Bank restricts consumer loans for this reason

Opinions are voiced that inflation differs from the forecast.

Taleh Kazimov: It is normal that forecasts of CBA and government do not coincide

The Central Bank's forecasts are based on annual inflation. It is normal that the forecasts of the Ministry of Economy and our forecasts do not coincide.

S&P: Share of overdue loans in banks to increase

In 2023, the share of overdue loans in the total loan portfolio of Azerbaijani banks will increase moderately to 3.5-4%.

Central Bank currency rates for 12 June

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.

Para BOKT's interest income declined by 16.4% - REPORT

In 2022, the interest income of Para BOKT OJSC decreased by AZN 1.2 million or by 16.4% compared with 2021 to AZN 6.109 million.

Para BOKT has published a report

Para BOKT OJSC has published its financial statements for the year ended December 31, 2022.

Russian Central Bank unveils discount rate

The Central Bank of Russia has decided to keep the key rate at 7.50% per annum.

New offer on currency exchange operations

It is proposed to set an upper limit on currency exchange operations in Azerbaijan.

Accounts Chamber can audit only administrative and economic activities at Central Bank

It is proposed that the audit of the Accounts Chamber should cover only the administrative and economic activities of the Central Bank.

Nearly 10,000 currency exchange offices closed in Azerbaijan

About 10,000 currency exchange offices have been closed in Azerbaijan, MP Siyavush Novruzov stated at the next meeting of Milli Majlis extraordinary session.

Money transfers from Azerbaijan to Türkiye decreased by 17%

The money transfers from Azerbaijan to Türkiye decreased in the 1st quarter of 2023.

Welfare of Americans reaches $149 trillion

The Federal Reserve System has published report "Financial Accounts of the U.S." for the period from January to March.

Central Bank currency rates for 9 June

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

Current account balance decreased by 15%

The current account surplus of Azerbaijan's balance of payments in the 1st quarter of 2023 reached $3.376 bn or 18.9% of GDP.

Azerbaijan's balance of payments surplus has grown

China's large state-run banks lowered deposit rates

China's large state-owned banks have lowered their deposit rates.

Demand at currency auction fell by 82.6%

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

Owners of Naxcivanbank have changed

The composition of Naxcivanbank’s shareholders has completely changed.

Central Bank currency rates for 8 June

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