Compensations for nearly AZN 30 million compensated to Günay Bank depositors

The Azerbaijan Deposit Insurance Fund (ADIF) has paid AZN 29.348 million of compensation to depositors of Günay Bank OJSC, whose license was canceled from June 19 to the present day.

Policy of ‘easing’ from Baku affected the Iranian market - Prices of gold coins decreased

The recent decrease in tensions between Iran and Azerbaijan and the positive statement of the Azerbaijani Foreign Minister have led to a decrease in prices for foreign currency, gold coins and stocks on the Iranian market

Ilham Aliyev: Exchange rate of manat has been stable for six years

Macro-economic stability has been maintained for many years. The exchange rate of the manat has been stable for six years, which is a rare phenomenon in the world, especially in the current conditions.

Central Bank currency rates for 12 July

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

Foreign exchange reserves of Central Bank of Türkiye increased

In June 2023, the foreign exchange reserves of the central bank of Türkiye increased from $98.5 bn up to $108.6 bn.

Deposits attracted by banks from customers increased

US dollar gets cheaper against major currencies

On Tuesday morning, the dollar is falling against other major world currencies. Markets are looking forward to the US inflation data to be published on Wednesday.

Banks’ demand at currency auction doubled

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

Cause of decline on number of NBCOs in Azerbaijan unveiled

The Central Bank has commented that after a 4-year break, the number of non-bank credit institutions in Azerbaijan began to decrease again.

Financial flow to Azerbaijan grew by 6.5% in 2nd quarter of 2023

The financial flow to Azerbaijan amounted to AZN 29.2 bn for Q2 of 2023 (6.5% more versus Q2 of 2022)

Central Bank currency rates for 11 July

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

MP: Negative trends in Russian economy are expected to deepen

Banks' intangible assets decreased in six months

As of June 1 of this year, the intangible assets of Azerbaijani banks amounted to AZN 144.3 million (0.9% less than on June 1, 2022).

Number of loans given by banks to customers has increased

As of June 1, 2023, the net loans given by Azerbaijani banks to customers amounted to AZN 19.428 bn (15.1% more than on June 1, 2022).

MPs: Loans are not available in regions

76% of loans given by commercial banks in Azerbaijan account for Baku, so loans are not available in the regions

ABA chairman: Volume of problem loans sharply falls

The current volume of problem loans of the banking sector in Azerbaijan is less than AZN 500 million.

MP: number of appeals to banking ombudsman has sharply reduced

The number of appeals to the banking ombudsman is decreasing every year, ABC.AZ reports, quoting Zahid Oruj, the head of the Center for Social Research.

NBCOs with largest loan portfolio in Azerbaijan - List

Azerbaijan has published the list of non-bank credit organizations with the largest loan portfolio in the country.

Central Bank currency rates for 10 July

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

Fed's interest rate policy makes gold cheaper

Fed’s expectations to raise interest rates also devalued gold for the fourth week in a row.

Central Bank currency rates for 7 July

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