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

Erstebank in Montenegro starts massively blocking payment cards of Russians

The subsidiary branch of Austrian bank Erstebank in Montenegro began on 4 August massively blocking payment cards to customers with Russian citizenship. According to users, the bank forcibly closes the accounts of Russians.

Currency exchange rates for 8 August

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

Romania's central bank raises interest rate

The Central bank of Romania raised the interest rate by 0.75 basis points to 5.50%

Banks with reduced business loans for past half-year

In the 1st half of 2022, the volume of business loans increased in 17 of the country's 26 banks and decreased in 9 banks.