Azerbaijan's AtaBank OJSC has presented a new communication channel for its clients through Telegram. Now Telegram users can directly contact the bank and get answers to their questions. To do this it’s necessary to write to …
Azerbaijan should quit the process of insuring deposits of population, the chairman of the Board of Directors of the Financial Market Supervisory Authority, Rufat Aslanli, said at a banking conference in Baku. "We are seeking ways …
The Financial Market Supervision Chamber (MNBP/FIMSA) will punish Azerbaijani banks for currency speculators, the chairman of the Board of Directors of the Chamber Rufat Aslanli said. If at such sensitive time banks do …
The State Oil Fund of Azerbaijan (SOFAZ) has sold $78 million to 22 local banks on foreign exchange market today, fully meeting demand, the fund said. It had offered $150 million at the Wednesday auction. SOFAZ sold $200 million at …
The Central Bank of Azerbaijan (CBA) increased the interest rate from 9.5% to 15% today, the CBA said in a message. The upper limit of the interest rate corridor was increased from 15% to 18%, while the lower limit was …
Business Insight Company has conducted the survey that has affected the attitude of Baku citizens to the banks. According to the survey, in August 37.6% of citizens did not trust any banks, and 8.8% of citizens neither agree nor …
The State Oil Fund of Azerbaijan (SOFAZ) sold $50 million to 30 banks through an auction held by the Central Bank of Azerbaijan (CBA) Sept. 6, SOFAZ said in a message, Trend reports. SOFAZ will continue to sell foreign currency through …
Privatisation of the country's largest bank will not take place this year
The IMF mission welcomes the preparation of the bank restructuring plan and urges its prompt implementation. The plan which should address the high level of nonperforming loans and lead to an increase of the capital of the weak banks, …
Azerbaijani banks suspended the issuance of consumer loans in foreign currency today, the Financial Market Supervisory Body of Azerbaijan said. The decision to set new regulatory frameworks within a month was made during the meeting of …
11 Azerbaijani banks are in the process of liquidation now. According to the Central Bank's report, there were seven such banks in 2015 in Azerbaijan, including Poctbank, Atlantbank, whose license was revoked in 2008, as well as …
Depositors of closed banks will receive compensation, the executive director of the Azerbaijan Deposit Insurance Fund (ADIF), Azad Javadov, said. "Despite the fact that the volume of ADIF’s funds ...
The Central Bank of Azerbaijan (CBA) has begun a restructuring of the banking sector and implementation of measures to strengthen its financial stability and risk management, CBA Chairman Elman Rustamov stated today during an …
The Azerbaijani authorities have make consistent steps towards the promotion and development of the real sector of the economy, economists said in interviews for Vestnik Kavkaz, commenting the recent draft amendments to the laws "On deposit …
Over the last few days, the State Oil Fund of Azerbaijan (SOFAZ) has sold 300 million dollars to the banks of the country at special auctions. It is reported that the Central Bank of Azerbaijan arranges special auctions three times a …
Narimanov District Court of Baku decided to take the former head of the International Bank of Azerbaijan, Jahangir Hajiyev, into custody. Former banker will have to spend the next three months under arrest. He …
The Central Bank of Azerbaijan hasn't made any recommendations for the termination of loans in the currencies of other countries for the bank customers of the republic. "The Central Bank didn’t insist ...
Reports of alleged deficiency and the failure of sales of foreign currency on the foreign exchange market of Azerbaijan have not got any foundation, the Central Bank of the Republic said. To date, the needs of the banking system in cash …
$120 million of Iran's blocked assets in Azerbaijan will be released, the head of the Azerbaijani-Iranian intergovernmental commission for cooperation in the trade, economic and humanitarian spheres, Mehdi Mohtashami, said. "During …
