Dollarization of Azerbaijani population’s bank deposits has decreased

In 2021, population’s bank deposits in foreign currency decreased by 8.7% to AZN 3.789 bn or 41% of all deposits of the population

8 banks ended the year with profit

Nine out of 26 banks operating in Azerbaijan published the financial indicators for 2021

Household deposits in banks have grown

As of 1 January 2022, the volume of deposits of the Azerbaijani population in the country's banks amounted to AZN 9.24 bn.

Central Bank: Number of cash machines and POS terminals also increased

The Central Bank reported the growth of bank cards in the country last year.

Non-cash transactions have increased

The volume of non-cash transactions within the country grew by 83% compared with 2021.

Volume of problem loans disclosed

The amount of overdue loans in Azerbaijan totaled AZN 719.4 million as of 1 January 2022 (8.5% less than on 1 December).

Banking sector has grown - profit exceeds AZN 600 million

The banking sector of Azerbaijan in 2021 received net profit of AZN 609 million.

NBCO profit and loss statistics in 2021

Growing indicators of banking sector

The main indicators of the banking sector as of 31 December 2021 have been published.

Bitcoin is traded below $34,200

Bitcoin fell to $34,161 during the trading session on Saturday, website Coindesk says.