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.

Central Bank currency rates for 29 November

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

Operations at interbank foreign exchange market grew by 20% for Jan-Sept

The review of CBA’s monetary policy for Jan-Sept 2022 has been presented

Transactions in non-cash foreign exchange market increased

Central Bank currency rates for 28 November

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

Four banks in Azerbaijan increased interest expenses

Interest expenses of four banks for the first 9 months exceeded AZN 40 million.

List of banks in Azerbaijan with reduced interest expenses

Interest expenses of seven out of the 26 banks operating in Azerbaijan for Jan-Sept 2022 were low compared with Jan-Sept 2021.

Subsidies allocated to Nakhchivan from State Budget of Azerbaijan to be reduced

The subsidy allocated for Nakhchivan from State Budget 2023 will be reduced by AZN 31.3 million.

ECB board member about a necessity of further raising of interest rates

Isabelle Schnabel, a member of the Board of the European Central Bank, said that the slowdown in interest rate growth will happen quickly.

Central Bank currency rates for 25 November

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

Introduction of open banking to reduce cost of some services in Azerbaijan

TCMB cuts key rate

CBA chairman: Internet banking grew by 55%

The VI International Banking Forum has been held in Baku.

Vusal Gasimli: Central Bank's discount rate increase should not affect growth of loan interests

The increase in the discount rate by the Central Bank should not affect the increase in interest rates on loans by banks.

CBA chairman: Financial sector cannot develop without IT

The financial sector in Azerbaijan cannot develop without information technologies

Banks’ demand at currency auction declined by 12.3%

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