Minimum limits of cost of audit services to be changed

The Chamber of Auditors held a round table on the minimum thresholds for the cost of audit services in the country

New appointment at Central Bank of Azerbaijan

The new director of the Financial Management Department of the Central Bank of Azerbaijan has been appointed

List of banks with deposit portfolio of over AZN 1 bn

The deposit portfolio of four out of the 26 banks operating in Azerbaijan exceeded AZN 1 bn manats as of 1 July 2022.

Currency exchange rates for 10 August

On 10 August, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7365, the manat-lira rate AZN 0.0949 and the manat-ruble rate - AZN 0.0278.

Moody's named factors to support quality of Azerbaijani banks’ assets

Azeri banks will benefit from an improving operating environment which is underpinned by stronger economic activity and a stable currency, thanks to high oil prices that are providing sufficient volumes of foreign currency inflows,

Banks increased demand at currency auction 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

Banks with liabilities above AZN 2 bn

The liabilities of four out of the 26 banks operating in Azerbaijan exceeded AZN 2 bn as of 1 July 2022.

Banks with growing liabilities

The liabilities of three out of the 26 banks operating in Azerbaijan as of 1 July 2022 were less in annual comparison.

Currency exchange rates for 9 August

The manat-euro rate - AZN 1.7329 , the manat-lira rate AZN 0.0947 and the manat-ruble rate - AZN 0.0275

Two new departments and one office created at Central Bank