Customs Committee’s transfer to State Budget for January grew by 25.5%

The Azerbaijani State Budget received AZN 506.779 million from the State Customs Committee for January 2023 (25.5% more versus January 2022).

Banks reduce demand at currency auction by 6.4%

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

207 million card transactions made through this center for 2022

Last year, 207 million card transactions were conducted through the Interbank Card Center, an important element of the country's card infrastructure.

72% of cards in circulation support contactless payments

Azerbaijan observed growth of non-cash payments for 2022 and expansion of the use of contactless technologies and e-commerce

Card transactions increased by 56% last year

The volume of card transactions in Azerbaijan amounted to AZN 56.4 bn in 2022 (56% higher than in 2021).

List of cryptocurrencies that fallen price by 10%

Over the past week the leading cryptocurrencies have dropped in price by 5-10%.

11 banks joined Google Play service in Azerbaijan

By the end of 2022, 11 banks joined Google Play service in Azerbaijan.

Finance Ministry reveals misuse of budget funds for AZN 225.7 million

In the course of inspections in 2022 the State Financial Supervision Service (under the Azerbaijani Ministry of Finance) revealed the misuse of budget finances for totally AZN 225.7 million.

Central Bank currency rates for 14 February

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.

“What was achieved and what is planned gives me a lot of comfort when looking at the future development of AccessBank”: Interview with Dariusz Kacprzyk, Member of AccessBank Azerbaijan Supervisory Board

New framework on banking sector developed

New EU sanctions against Russia may affect Alfa-Bank

As part of the 10th package of sanctions against Russia, the EU may impose restrictions against four banks, including Alfa-Bank

S&P Global Ratings forecast on banking sector of Azerbaijan

S&P Global Ratings has defined the trends of economic and industrial risk in the banking sector of Azerbaijan as stable.

New appointment at PASHA Bank

The new appointment was made at PASHA Bank. Thus, Zara Ibrahimzade was appointed the director of the Marketing Department at PASHA Bank OJSC.

Morgan Stanley gave a large amount of bonuses to CEO

Morgan Stanley Bank has determined the annual compensation package of its CEO in the amount of $31.5 million.

Central Bank currency rates for 13 February

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

List of banks in Azerbaijan with increasing and decreasing loan portfolio

One of the banks that increased the loan portfolio in 2022 in quantitative terms was the International Bank of Azerbaijan (ABB).

Loan portfolio of banks in Azerbaijan starts growing again

In 2021, the banking sector of Azerbaijan, recovering from the effects of the coronavirus pandemic, began to increase loan portfolios again with relative recovery of the economy.

Central Bank currency rates for 10 February

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

Foreigners should provide info on term deposits in banks

Provision of information is required on term deposits of foreigners or stateless persons who have received temporary or permanent residence permit in the territory of Azerbaijan.

Demand at foreign exchange auction grew 3.8-fold

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