Fed chairman: Currently, inflation in the U.S. remains extremely high

The U.S. Federal Reserve, acting as the central bank, may raise the interest rate by less than 75 points after the December 13-14 meeting

Birbank cardholders earned AZN 2.8 million cashback in November

Central Bank currency rates for 1 December

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

AccessBank in Nakhchivan! - Photo

Forecast: Recession may force Fed to cut interest rates

Rate of POS terminals in Azerbaijan has increased

Banks increased number of ATMs by 2% for past 10 months

Central Bank currency rates for 30 November

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

Database on currency exchange operations to be created

A single database on currency exchange operations will be created.

Breaches of rules for providing info on currency transactions to be fined

Azerbaijan imposes penalties for violating the rules for providing data on currency transactions to single information system.

Banks received net profit of AZN 770 million

The banking sector of Azerbaijan received net profit of AZN 769.9 million for Jan-Oct 2022.

Problem loans decreased in Azerbaijan

As of 1 November 2022, the amount of overdue loans in Azerbaijan reached AZN 646 million.

Banks with operating profit of more than AZN 25 million

One out of the 26 banks operating in Azerbaijan did not receive operating profit for Jan-Sept 2022.

AccessBank realized the issue of special bonds

Oil Fund’s projected revenues for 2023 published

The projected revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the next year are about 1.8-fold less than the projected revenues for the current year,

Banks with non-interest expenses of over AZN 100 million

Banks with growing non-interest expenses

Over the past 10 months two out of 26 banks operating in Azerbaijan had low non-interest expenses against Jan-Sept 2021.

Banks increased demand by 54.74% 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.

A meeting with J.P. Morgan reps held at Central Bank

A meeting with representatives of American bank J.P. Morgan has been held at the Central Bank of Azerbaijan.

Loan portfolio of banks in Azerbaijan grew by 17% for Jan-Oct

The loan portfolio of Azerbaijani banks in October 2022 increased by AZN 313.6 million against September.

Number of bank employees increased by 9.7% for past 10 months

In October 2022, the number of bank employees in Azerbaijan increased by 186 people.