CBA to cooperate with the bank of this country

Representatives of the central banks of Azerbaijan and Uzbekistan exchanged opinions on future directions of cooperation

Funds projected for public debt servicing expenses decreased by AZN 787 million

The expenses related to servicing the public debt in the State Budget for 2023 are projected at $1.5 bn.

Azerbaijan has a debt of about AZN 17 bn

As of 1 July 2022, the total amount of Azerbaijan's public debt (external and internal) amounted to AZN 16.928 bn, or 14.7% of GDP.

Forecast: In 2023, expenses on servicing the state debt to be AZN 1.5 bn

The costs associated with servicing the public debt are projected at $1.5 bn in the State Budget for 2023.

Kapital Bank took part in BAFT’s two conferences - Photo

Central Bank currency rates for 4 November

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

Finance Minister: Domestic borrowing increases stability of local financial markets

The Azerbaijani government borrowed less than planned.

Finance Ministry interests in keeping stable exchange rate of manat

The Ministry of Finance is interested in maintaining stable exchange rate of the manat.

Samir Sharifov: Threshold of need criterion to increase by 23% in 2023

Finance Minister: State Budget 2023 envisages AZN 3 bn for restoration of liberated lands

The Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship has held a regular meeting.

Finance Minister: State Budget 2023 expenditures projected at AZN 33.3 bn

The Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship has held a regular meeting.

Central Bank’s head: Policy of reducing consumer loans carried out

Within the policy of limiting inflation, the policy of reducing consumer loans was carried out in Azerbaijan this year.

Banks reduced demand at currency auction by 27.4%

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

Central Bank currency rates for 3 November

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

Oil Fund’s transfers to State Budget decrease much versus 2021

As part of the updated budget rule, State Oil Fund’s transfers to State Budget 2023 will be reduced,

Central Bank currency rates for 2 November

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.

CBA's foreign exchange reserves grew by 1.8% in October

The foreign exchange reserves of the Central Bank of Azerbaijan as of 31 October 2022 amount to $7.803 bn.

Nakhchivanbank loan portfolio grew by AZN 46.99 million

As of 30 September 2022, Nakhchivanbank had assets totaling AZN 343.2 million, including loan portfolio (loans to customers) in the amount of AZN 171.97 million.

Net profit of this bank more than doubled

Nakhchivanbank completed the Jan-Sept term of 2022 with net profit of AZN 12.4 million. Compared with Jan-Sept 2021, its net profit increased 2.1-fold.

Birbank cardholders earned AZN 2.6 million cashback in October

Banks increased demand at currency auction more than by 75%

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