PASHA Bank department head transferred to Central Bank

New adviser to Central Bank’s chairman Taleh Kazimov has been appointed.

Exchange rate of Azerbaijani manat for 16 May

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

Tax Code provisions regarding bank account to change

Banks whose assets have grown

As of 1 April 2022, the assets of 4 out of the 26 banks operating in Azerbaijan exceeded AZN 2 bn.

Banks with declining assets

The assets of 4 out of 26 banks operating in Azerbaijan were smaller this year in annual comparison.

Exchange rate of Azerbaijani manat for 13 May

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

Total market value of cryptocurrencies falls by $253 billion in a day

When inflation expectations in the U.S. are exceeded, the cryptocurrency market is heading for collapse.

Banks’ demand grew by 12% 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.

UniCredit intends to sell its division in Russia

Italian financial group UniCredit S.p.A. is negotiating the sale of its subsidiary bank operating in Russia.

Exchange rate of Azerbaijani manat for 12 May

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