SOFAZ sold currencies for $188.5 million in January

The volume of finances sold by the State Oil Fund (SOFAZ) for January 2023 has been announced.

Central Bank currency rates for 3 February

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

Volume of problem loans in Russia begins to grow rapidly

The growth rate of overdue loans in Russia has doubled.

Azerbaijan’s bank, whose loan portfolio grew by 43% in 2022

Yelo Bank has published a report on its financial indicators for the past year

Yelo Bank's loan portfolio observed sharp growth

Yelo Bank's loan portfolio grewdramatically in 2022. At that, the share of business loans in the portfolio reached a record level.

Interests on loans may rise in Azerbaijan

Interests on loans in Azerbaijan may rise again.

CBA sold $27.5 million to banks at currency auction

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

Birbank cardholders earned AZN 3.8 million cashback in January

Devaluation in Lebanon — country's currency has fallen in price

Lebanon, which is in difficult economic situation, devalued the local currency.

Fed raised rate up to 4.50-4.75%