The most reliable banks in the region

Forbes decided to prepare a list of 50 financial organizations of those countries where Russians have been massively relocated - Azerbaijan, Kazakhstan, Georgia, Uzbekistan and Armenia.

Central Bank discusses expansion of activity of NGOs

Yesterday, at the Central Bank, we met with the heads of the Microfinance Association of Azerbaijan and member organizations.

Azerbaijan's banknotes to be displayed at National Historical Museum

Paper and metal, including commemorative and investment banknotes issued by the Central Bank of Azerbaijan (CBA), will be exhibited for the first time at the National Museum of History of Azerbaijan.

Banks’ portfolio on business, mortgages and consumer loans observes growth

The banks in Azerbaijan increased their portfolio of business loans, mortgage loans and consumer lending for the past 5 months.

Portfolio of banks’ consumer loans has grown by 8.2%

The banks increased the portfolio of business loans by 2.9% up to AZN 11.17 bn or 54.1% of the total loan portfolio.

The level of digitalization of AccessBank's business clients is at an all-time high

Law on Payment Services & Payment Systems passed

The Bill on Payment Services & Payment Systems was considered at the meeting of the parliament.

Number of Internet banking operations in Azerbaijan decreased by 27%

1,814 transactions for AZN 19.6 million were carried out on Internet banking in Azerbaijan for the past 5 months.

Central Bank currency rates for 24 June

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

Rate of ATMs and POS-terminals in Azerbaijan has increased slightly

As of June 1, 2023, the number of ATMs installed by banks in Azerbaijan is 3,075 cash machines and POS-terminals - 80,462 terminals.

Clients' bank accounts increased in Azerbaijan

An increase in the number of bank accounts of customers has been recorded in Azerbaijan.

10 branches and 8 bank branches closed in Azerbaijan

As of May 31, 2023, 24 banks have a network of 483 branches, 86 branches and 3,003 cash machines.

Azerbaijan observes growth of banking sector assets

Net profit of Azerbaijan's banking sector has grown

The banking sector of Azerbaijan for Jan-May 2023 received net profit of AZN 437.1 million.

Number of problem loans declined by 27%

Central Bank’s chairman: Our interest rates on loans are less than in neighboring countries

In Azerbaijan, interest rates on loans are lower compared with the countries of the region.

Amount of compensation paid to Bank Standard’s depositors made public

Russia's international reserves grew by $1.8 bn in a week

Russia's international reserves as of June 16, 2023 amounted to $587.5 bn, a rise of $1.8 bn for the week.

Regional currencies lose value

Over the past month, the Turkish lira has fallen by 18.7% to the US dollar, by 5.9% to the Russian ruble, by 3.1% to the Georgian lari, and by 1.2% to the Kazakhstani tenge. The strengthening of the US currency on the world market also affects regional currencies.

Central Bank currency rates for 23 June

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

Bank of England raised rate to 5.00%

The Bank of England raised the rate for the 13th time in a row, this time by 50 basis points (bp), to 5.00% per annum, bank’s website informs.