A bank whose assets increased by 4%

VTB Bank (Azerbaijan) completed the first quarter with net profit of about AZN 3 million. VTB Bank (Azerbaijan) has published financial results for Q1 of 2023.

Access2Success-2: AccessBank announces the second round of the training program for female entrepreneurs

Banks more than halved 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 25 April

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

External liabilities of banking sector increased

Demand at currency auction has tripled

The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

People's Bank of China again keeps discount rate stable

The People's Bank of China has not changed the discount rate on the loan this month.

Cryptocurrency market suffers grave losses

The cryptocurrency markets have suffered serious losses.

Central Bank currency rates for 20 April

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

Rate of bank clients in Azerbaijan increased by 7%

The number of the bank clients in Azerbaijan in March 2023 amounted to 13,700,836

PASHA Bank’s deposits decreased by AZN 237.268 million in 3 months

PASHA Bank published a report for Q1 of 2023.

PASHA Bank has published a report - there are serious cuts

PASHA Bank has published a report for the first quarter of 2023.

Banks’ credit investments increased more than by 14%

As of April 1, 2023, the assets of the banking sector of Azerbaijan amounted to AZN 44.8 bn (16.5% more than on April 1, 2022), ABC.AZ reports with reference to the Central Bank.

Increase in Fed's interest rate to gradually return inflation to target level of 2%

Recent inflation data, including reports on the slowdown in consumer price growth and the decline in industrial inflation this week, correspond to the fact that we can raise the interest rate again.

TuranBank started the next project with IFC

Azerbaijani AccessBank strives to bring profitability of its equity to 20 percent in 2023 - David Tsiklauri

VTB (Azerbaijan) decreased by 3.01 p.p. cash loan rates

Central Bank currency rates for 19 April

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

Carstens: Central banks' interest rates should remain high for a long time

The limits of economic stability are not determined by interest rates or debt levels, ABC.AZ reports, quoting Agustín Carstens, the president of the Bank for International Settlements.

SOFAZ spent AZN 5.1 million on fund management for past quarter

SOFAZ’s assets amounted to $53.437 bn as of March 31, 2023 (9% more than at the beginning of 2023 - $49.03 bn).

69.9% of finances in SOFAZ investment portfolio account for US dollars

The total investment portfolio of the State Oil Fund (SOFAZ) for the 1st quarter of this year amounted to $53.437 bn.