Net profit of Azerbaijan`s banking sector has decreased

The banking sector of Azerbaijan received net profit of AZN 314.5 million for Jan-May 2020

Depositors of four banks compensated for AZN 83.9 million

Tural Piriyev, the executive director of the Azerbaijan Deposit Insurance Fund, held a press conference on the issue of deposits in four banks

Lending to banks in Azerbaijan has decreased

As of 1 June 2020 the lending to Azerbaijani banks amounted to AZN 14.36 bn

ADIF director: Matter of insurance of bank business deposits is not on agenda

In Azerbaijan, the issue of insurance of bank deposits of legal entities and individual entrepreneurs is not yet on the agenda. There were no discussions on the occasion.

Amount of deposits in 4 banks with canceled license published

The number of depositors in the bankrupt AGBank, NBCBank, Amrahbank and Atabank has been unveiled

Tural Piriyev: 4 closed banks number about 100 uninsured depositors

ADIF head: Problem of deposits in closed banks is solved as follows

If a person has a deposit of AZN 10,000 and a loan of AZN 6,000 in a closed bank, they are replaced and the citizen is returned AZN 4,000

When will closed banks` deposits be returned? - Explanation

Azerbaijan Deposit Insurance Fund`s executive director Tural Piriyev held a press conference to clarify the issue of returning deposits in the recently closed banks

Central Bank sold $41.6 million to banks

The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund

Amounts of loan portfolios of 4 closed banks published

Turkey`s Central Bank has released interest rate decision

Today, the Central Bank of Turkey will hold a meeting for June

NBCO suffered a loss of AZN 52,000 for 2019

Falcon Finance LLC (NBCO) finished 2019 with loss of AZN 52,000

Gold has fallen in price by $1.50

The prices for gold and silver on world exchanges have been declared

Central Bank announced exchange rate for 25 June

The Azerbaijani manat has grown to the euro and the Russian ruble, while is stable to the US dollar

Iranian currency falls steadily – toman has fallen by 50% since early 2020

The national currency is continuously losing value to the US dollar in Iran.

Forecast: Euro to continue rising to US dollar

Some positive indicators have been published on the economy of the EU and the UK, which led to a rise in exchange rates EUR/USD and GBP/USD

Gold price has grown by $2.50

Prices for gold and silver on world exchanges have been declared

Central Bank announced exchange rate for 24 June

The Azerbaijani manat has fallen to the euro and the Russian ruble, while is stable to the US dollar

Azerbaijan Central Bank sold $33 million to banks

The Central Bank of Azerbaijan (CBA) has conducted a currency auction with the participation of the State Oil Fund

Vusal Gasimli: Real effective exchange rate of manat reached a peak

In the context of the coronavirus pandemic (COVID-19), the real effective exchange rate of the manat is growing, having reached a peak over the past 5 years

AzerTurkBank branch closed

The Yasamal branch of AzerTurkBank has temporarily ceased operations