Kyrgyz banks stop working with Mir cards due to sanctions

Several Kyrgyz banks that stopped servicing Russian Mir payment cards took such measures for fear of falling under sanctions from US financial organizations.

Only a few days left before the Innovation Summit

Bank Respublika and Entrepreneurship Development Fund implemented joint project for female entrepreneurs

Central Bank currency rates for 2 December

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

IMF predicts an increase in number of poor in Caucasus and Central Asia by 1 million

The war in Ukraine may increase the level of poverty in the Caucasus and Central Asia by 1 percentage point due to its impact on inflation and remittances.

Banks increase demand by 27% 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.

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,