NBCOs’ obligations grew by 33%

In the first half of 2024, NBCOs’ liabilities in Azerbaijan amounted to 479.9 million manats.

Another update from Birbank Biznes: Order payments now available on the mobile App

In June, deposits of individuals in banks grew by 480.7 million manats

In June 2024, the deposits of individuals in banks (term + current) increased by 3.6% or by 480.7 million manats.

Banks’ loan portfolio of banks increased by 271.3 million manats for June

In June 2024, the loan portfolio of banks observed growth by 1.1%, or by 271.3 million manats, up to 25.429 billion manats.

Banks’ demand at foreign exchange auction grew by 2.2%

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Quantity of bank cards in Azerbaijan has exceeded 18 million

The number of payment cards in circulation through the systems of banks and Azerpocht LLC increased by 224,000 cards by the end of June compared with last month and amounted to 18.91 million cards.

Assets of Azerbaijan's banking sector exceed 50 billion manats

As of July 1, 2024, the assets of the Azerbaijani banking sector amounted to 50.328 billion manats.

Rate of employees in banking sector observed a rise for June

Banks paid 124.1 million manats of income tax for past 6 months

Over Jan-Jun 2024, Azerbaijani banks generated net profit of 614 million manats and operating profit of 875.5 million manats.

Another NBCO has passed state registration

The State Tax Service under the Ministry of Economy has carried out the state registration of non-bank credit organization E-Kredit, established on the basis of Nakhchivan Bank OJSC (under liquidation).

In China, 40 banks have gone bust in a week

China's banking sector is experiencing a serious crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank of China further exacerbated the sector's problems. Experts warn that the situation could have serious consequences for the global economy.

Central Bank currency rates for 23 July

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

Central Bank currency rates for 22 July

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

10 banks with the largest increase in liabilities - LIST

The banks with the largest volume of liabilities in Azerbaijan have been published.

Banks with the largest increase in balance capital - List

The names of banks in Azerbaijan with the largest growth in balance sheet capital have become known.

Opening of deposit accounts for purchase of publicly traded shares to be free of charge

The Board of the Central Bank of Azerbaijan (CBA) has made changes to the Tariffs for the Services of the National Depository Center approved by the decision from December 1, 2020.

Central Bank currency rates for 19 July

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

SOFAR deposits in Central Bank of Türkiye increased

As of January 1, 2024, the term deposit investments of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 1.9 billion manats.

New roadmap of working group on financial markets ready

SOFAR ended 2023 with profit

The State Oil Fund of Azerbaijan (SOFAZ) completed 2023 with net profit of 8.1 billion manats.

Indian cryptocurrency exchange WazirX was hacked for $235 million

On July 18, Cuvers Alerts service reported the hacking of Indian cryptocurrency exchange WazirX.