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.

Western Union's income reduced by 12% last year

Due to the withdrawal from the market of Russia and Belarus in 2022, the earnings of payment system Western Union decreased by 2%.

Central Bank currency rates for 9 February

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

Azerbaijani banks cancel commission for donations to Turkiye

Central Bank of India raised interest rate

The Monetary Policy Committee of the Central Bank of India has decided to raise the key interest rate by 25 basis points to 6.5%.

Central Bank currency rates for 8 February

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

Banks lower demand at foreign exchange auction by 46%

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 7 February

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

Number of Naxçıvan Bank shareholders declined

The number of shareholders of Nakhchivan Bank has decreased.

Property of closed bank to be sold at auction

The real estate of Texnikabank OJSC, which is on liquidation of the Deposit Insurance Fund, will be put up for open auction in the Baku Auction Center at 11 am on 9 February 2023.

List of banks of Azerbaijan with largest salary expenses

The banks' payroll expenses for the past year have been made public

List of Azerbaijani banks that paid minimum wage last year

Banks that paid the minimum wage in Azerbaijan in 2022 have become known.

Central Bank currency rates for 6 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.

SOFAZ sold currencies for $188.5 million in January

The volume of finances sold by the State Oil Fund (SOFAZ) for January 2023 has been announced.

Central Bank currency rates for 3 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.

Volume of problem loans in Russia begins to grow rapidly

The growth rate of overdue loans in Russia has doubled.

Azerbaijan’s bank, whose loan portfolio grew by 43% in 2022

Yelo Bank has published a report on its financial indicators for the past year

Yelo Bank's loan portfolio observed sharp growth

Yelo Bank's loan portfolio grewdramatically in 2022. At that, the share of business loans in the portfolio reached a record level.