Hryvnia not to be valid in Kherson

Exchange rate of Azerbaijani manat for 25 July

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

President amends Decree on SOFAZ budget

Bank of Russia cuts discount rate to 8%

The Bank of Russia on Friday sharply lowered the key rate by 1.5 p.p. at once, to 8% per annum

Overall capital of Yapı Kredi Bank Azerbaijan grew up to AZN 76.3 million

Yapı Kredi Bank Azerbaijan reported an increase in overall capital up to AZN 76.3 million by the end of 2022 after compulsory payments

Yapı Kredi Bank Azerbaijan ends Q2 with profit

In the 2nd quarter of 2022, Yapı Kredi Bank Azerbaijan significantly increased its net profit (against Q2 of 2021), bringing it up to AZN 1.36 million

Assets of Azerbaijan's financial sector grew more than by 5%

The assets of Azerbaijan's financial sector have grown by 5.7% this year, up to AZN 55.6 bn.

General director appointed at Central Bank

The general director has been appointed at the Central Bank of Azerbaijan.

This bank’s non-interest income grew up to AZN 22.346 million

The interest income of Rabitabank for the 1st half of 2021 amounted to AZN 25.79 million and for the 1st half of 2022 – AZN 31.58 million (a rise of AZN 5.79 million, or 22.4%).

Rabitabank finished 1st half of 2022 with net profit of AZN 5.16 million

Rabitabank completed the 1st half of 2022 (Jan-Jun) with net profit of AZN 5.16 million.

Finance Ministry starts inspections at Customs Committee

The State Financial Control Service of the Ministry of Finance has started inspections at the State Customs Committee.

Exchange rate of Azerbaijani manat for 22 July

The manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7309, the manat-lira rate AZN 0.0959 and the manat-ruble rate - AZN 0.0295.

European Central Bank has raised interest rates

The European Central Bank (ECB) has raised interest rates by 50 points. An increase of 25 points was in the forecast.

Remittances to Azerbaijan grew 3.6-fold this year mainly due to money transfers from Russia

The World Bank has published a report on Azerbaijan.

WB: SOFAZ foreign currency sales slow down

Sales of foreign currency by the State Oil Fund of Azerbaijan (SOFAZ) slowed further in June to $278 million (11% less than a year ago), amid weaker demand for foreign currency.

Nakhchivanbank's deposit portfolio grew more than by 42%

In comparison with 2021, in the 2nd quarter of this year Nakhchivanbank’s deposit portfolio, including deposits of individuals and legal entities, increased by 42.5% up to AZN 169.29 million.

Nakhchivanbank reports a rise of assets by AZN 67.5 million

Nakhchivanbank has released the financial indicators for Q2 of 2022.

New appointments at PASHA Bank

PASHA Bank’s Board has been formed in full.

National Bank of Ukraine lowers hryvnia exchange rate

The National Bank of Ukraine adjusted on Thursday the official hryvnia exchange rate, lowering it from UAH 29.2 per dollar to UAH 36.56.

Banks reduced demand 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.

Bank Eurasia's asset growth exceeds AZN 15 million

The total assets of Bank Eurasia increased by AZN 15.2 million (or 9.1% compared with the end of 2021), and by 30 June 2022 reached AZN 182.69 million.