Customs Committee`s transfers to Azerbaijan’s budget for Jan-May decreased

The State Customs Committee received AZN 1.696 bn for the first 5 months of 2020

Customs Committee reduced payments to State Budget on some indicators

According to the State Customs Committee, customs duties received by the State Budget from the SCC decreased by AZN 18.1 million or 20.3% against 2018 and amounted to AZN 71 million

Central Bank raised AZN 200 million in a deposit auction

The Central Bank of Azerbaijan raised AZN 200 million in today’s deposit auction

Ziraat Bank to open 3 branches for 2nd half of 2020

Ziraat Bank Azerbaycan plans to open three new branches by the end of 2020, and increase almost 3–fold the branch network in 2021

Central Bank announced exchange rate for 8 June

The Central Bank of Azerbaijan announced the exchange rate of the manat to foreign currencies for 8 June

Azinvestcredit finished 2019 with profit

Azinvestcredit LLC completed 2019 with net profit of AZN 33,000

Money transfer from Azerbaijan to Russia simplified – Service fee cut

IBA to return deposits of two closed banks - compensation to be paid in 2 stages

In accordance with the Law on Deposit Insurance the day of the insured event in AG Bank and NBC Bank is set on 28 April 2020

Premier Kredit`s loss reached AZN 198,000 for 2019

NBCO Premier Kredit LLC completed 2019 with loss of AZN 198,000, while in 2018 it had net profit of AZN 35,000

IDK`s non-interest expenses lowered by 13.6%

NBCO IDK has published the report for 2019

Baku to host a banking forum in November

Holding of the 5th International Banking Forum in Baku is scheduled for November 2020

Gold falls in price sharply – by $11

Prices for gold and silver offered on world exchanges have been declared.

Central Bank announced exchange rate for 5 June

The Central Bank of Azerbaijan announced the exchange rate of the manat to foreign currencies for 5 June

ECB kept stable interest rates, and euro/dollar rate rose slightly

The European Central Bank has once again held a meeting to review interest rates

Rate of debit cards has dropped much

Despite the growth of social cards and credit cards in Azerbaijan in some months of 2020, the number of debit cards has sharply decreased

Number of credit cards has grown

The Central Bank has published a report on the cards in circulation in Azerbaijan for 2020

Quantity of salary cards declined sharply

Azerbaijan observes a decrease in the number of salary cards in circulation this year

Azerbaijani Chamber of Auditors profit decreased

The Chamber of Auditors of Azerbaijan completed 2019 with profit of AZN 8,000

Central Bank sold $44.7 million to banks in a currency auction

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

Gunay Bank shareholders to gather for a meeting on 4 July

Gunay Bank is to conducted a regular general meeting of the shareholders

European Central Bank to declare its interest rate decision

Today, the European Central Bank will once again publish its interest rate decisions