Four banks in Azerbaijan increased interest expenses

Interest expenses of four banks for the first 9 months exceeded AZN 40 million.

List of banks in Azerbaijan with reduced interest expenses

Interest expenses of seven out of the 26 banks operating in Azerbaijan for Jan-Sept 2022 were low compared with Jan-Sept 2021.

Subsidies allocated to Nakhchivan from State Budget of Azerbaijan to be reduced

The subsidy allocated for Nakhchivan from State Budget 2023 will be reduced by AZN 31.3 million.

ECB board member about a necessity of further raising of interest rates

Isabelle Schnabel, a member of the Board of the European Central Bank, said that the slowdown in interest rate growth will happen quickly.

Central Bank currency rates for 25 November

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.

Introduction of open banking to reduce cost of some services in Azerbaijan

TCMB cuts key rate

CBA chairman: Internet banking grew by 55%

The VI International Banking Forum has been held in Baku.

Vusal Gasimli: Central Bank's discount rate increase should not affect growth of loan interests

The increase in the discount rate by the Central Bank should not affect the increase in interest rates on loans by banks.

CBA chairman: Financial sector cannot develop without IT

The financial sector in Azerbaijan cannot develop without information technologies

Banks’ demand at currency auction declined by 12.3%

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Zakir Nuriyev: The most important direction of improvement is creation of digital banks

Azerbaijan Banks Association’s president Zakir Nuriyev made statements regarding the banking sector.

Zakir Nuriyev: Volume of deposits in banks has reached AZN 15.8 bn

Zakir Nuriyev: Population’s deposits in banks have grown

Azerbaijan Banks Association’s president Zakir Nuriyev stated about growth of population’s deposits in banks

List of banks with lowered operating expenses

The operating expenses of two out of the 26 banks operating in Azerbaijan for Jan-Sept 2022 were low against Jan-Sept 2021.