Azerbaijan’s capital outflow exceeds $5 bn for past half of 2022

In which financial institutions does population most often take loans?

Azerbaijan's total balance of payments surplus more than triples for past half-year

The total surplus of Azerbaijan's balance of payments in the 1st half of 2022 amounted to $4.6 bn (3.7-fold more versus Jan-Jun 2021 - $1.26 bn).

Demand at currency auction decreased by 20%

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

Getting a credit history to become even easier

The process of integrating SIMA, a new generation cloud digital signature created by AzInTelecom LLC, into the systems of partner organizations is ongoing.

Central Bank currency rates for 15 September

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

Large surplus formed in State Budget of Azerbaijan

The revenues of the State Budget of Azerbaijan for Jan-Aug 2022 amounted to AZN 20.18 bn and expenditures AZN 18.15 bn,

List of NBCOs with decreasing profits and growing losses

The net profit of 7 NBCOs operating in Azerbaijan has decreased - Kredit Servis, Azmikroinvest, Viator Mikrokredit Azərbaycan, Asel Kredit, Finoko, Effektinvest and Kepez.

Central Bank currency rates for 14 September

The Central Bank of Azerbaijan has announced the exchange rate of the manat to foreign currencies for 14 September 2022.

Central Bank cancels license of NBCO Omni Finance

The Central Bank has revoked the license of another non-bank credit organization.

Banks increase demand at currency auction by 10.5%

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 13 September

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

ADB vice president has arrived in Baku

The visit of the delegation led by ADB vice president Shixin Chen has begun.

Central Bank currency rates for 12 September

Fed may raise interest rates

Representatives of the U.S. central bank (Fed) indicated a possible increase in interest rates by 75 points at a meeting of the Federal Open Market Committee on September 20-21.

Fall of yen in Japan causes concern

The head of the Central Bank of Japan, Haruhiko Kuroda, believes that the largest drop in the yen against the dollar since 1998 is destabilizing the country's business.

Bitcoin exceeds mark of $20,000

Bitcoin exceeded the mark of $20,000 on 9 September. Its growth was more than 5%

Central Bank currency rates for 9 September

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

TuranBank's technical assistance projects with the EBRD, supported by the EU and Turkiye have been successfully completed

Banks reduce demand by 37% 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.

EBRD president to visit Azerbaijan next week

President of the European Bank for Reconstruction & Development (EBRD) Odile Renaud-Basso will visit Azerbaijan from 11 to 13 September.