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Finance2017
RU AZ
2017 November 23 ( Thursday )  15:57:31
 
Outflow of Bank Deposits of Population Prevented - Financial Markets Supervision Authority

Baku / 23.11.17 / Turan: As of the end of October 2017, the population's bank deposits were 7.3 billion manat, the chief executive director of the Financial Markets Supervision Authority (FIMSA), Ibrahim Alyshov, said at the second banking forum.


RU AZ
2017 November 23 ( Thursday )  15:25:51
 
Central Bank Discussing Possibility of Issuing Iron Coins with AZN 1 Denomination

Baku / 23.11.17 / Turan: The Central Bank of Azerbaijan is studying the possibility of issuing iron coins with a denomination of 1 manat, instead of similar bills.


RU AZ
2017 November 23 ( Thursday )  15:15:28
 
The dollar rate falls, the euro rises

Baku / 23.11.17 / Turan: At the currency auction of the Central Bank of Azerbaijan on Thursday, the dollar rate slightly decreased, from 1,7002 to 1,7001 manats. Commercial banks buy American currency in the range of 1.6900-1.6980 manat, and sell for 1.7010-1.7050 manats.


RU AZ
2017 November 23 ( Thursday )  13:39:23
 
Baku Hosts Second Banking Forum

Baku / 23.11.17 / Turan: The second banking forum started its work in Baku on Thursday.


RU AZ
2017 November 22 ( Wednesday )  13:57:58
 
Extraordinary Meeting of Shareholders of Bank of Baku to Be Held

Baku / 22.11.17 / Turan: Bank of Baku announced the holding of an extraordinary shareholders' meeting. The meeting will be held on January 8, 2018. However, the agenda of the meeting has not been disclosed.


RU AZ
2017 November 22 ( Wednesday )  12:17:49
 
Yield of State Bonds Go Up Again

Baku / 22.11.17 / Turan: At the auction held on November 21, the weighted average yield on two-year government bonds increased by about 2.6% compared to the previous (October 24) auction and reached 11.63% per annum, Baku Stock Exchange said.


RU AZ
2017 November 22 ( Wednesday )  11:48:11
 
Pressure of USD on AZN to Increase in December - Vugar Bayramov

Baku / 22.11.17 / Turan: The economist Vugar Bayramov warned about the possible pressure of the US dollar on the Azerbaijani national currency by the end of the year.


RU AZ
2017 November 22 ( Wednesday )  11:33:54
 
Fitch Upgraded IBA Ratings

Baku / 22.11.17 / Turan: The international rating agency Fitch has revised the ratings of the state-owned OJSC International Bank of Azerbaijan. The agency explained this with the improvement of the bank"s financial condition.


RU AZ
2017 November 21 ( Tuesday )  17:56:03
 
Elman Rustamov predicts stable manat rate

Baku / 21.11.17 / Turan: The tendency to strengthen the manat is associated with certain risks, said the head of the Central Bank of Azerbaijan Elman Rustamov, speaking today in the country's parliament.


RU AZ
2017 November 21 ( Tuesday )  12:43:47
 
USD Exchange Rate Stable, EUR Slightly Rises

Baku / 21.11.17 / Turan: At the currency auction of the Central Bank on November 21 the US dollar rate has not changed, remaining at the level of AZN 1.7002.


RU AZ
2017 November 21 ( Monday )  10:31:03
 
Problem Loans: Too Late?

The Milli Mejlis (parliament) of Azerbaijan starts discussion of the bill "On the State Budget for 2018". The document was preliminarily approved by the relevant parliamentary committees, during which the deputies noted the increase in the financing of the education system and the agricultural sector, talked about the introduction of insurance medicine throughout the country (although monitoring of the project's effectiveness in two pilot regions has not yet been carried out), and the prospects for the development of Azerbaijan, which "is an oasis of stability and prosperity" in a troubled world.


RU AZ
2017 November 20 ( Monday )  15:31:08
 
Capital of AG Bank Decreased by 21.9%

Baku / 20.11.17 / Turan: Assets of AG Bank in the third quarter of 2017 increased by 3 million 737 thousand manat or 0.7% to 510 million 544 thousand manat compared to the same period of the last year.


RU AZ
2017 November 20 ( Monday )  13:46:39
 
Demand at Deposit Auction of Central Bank Exceeded Supply by More Than Six Times

Baku / 20.11.17 / Turan: At the deposit auction on Monday, the Central Bank raised 100 million manat, against the supply of 623.35 million manat. Thus, demand exceeded supply by 6.23 times.


RU AZ
2017 November 20 ( Monday )  11:24:12
 
Baker Tilly to Audit Azerbaijan Mortgage Fund

Baku / 20.11.17 / Turan: The financial statements for 2017 of Azerbaijan Mortgage Fund OJSC will be audited by Baker Tilly Audit Azerbaijan. With this purpose, the parties signed a contract worth 23,000 manat on November 13.


RU AZ
2017 November 18 ( Saturday )  12:46:55
 
Manat deposits grow, but they are less than in foreign currency

Baku / 18.11.17 / Turan: Despite the growth of the volume of manat deposits, the population keeps more than 70% of savings in banks in foreign currency. According to State Statistical Committees, for October 1, the volume of deposits in banks of the country in manat equivalent amounted to 7022.2 million. At the same time, 71.8% of deposits are invested in foreign currency. Deposits of 5598.0 million manat or 79.7% are kept in private banks. 1424.2 million manat (20.3%) - state-owned banks. Manat deposits, as compared to the same period last year, increased by 39.0%. The volume of deposits in foreign currency decreased by 21.1%. Since 2016, deposits in manats up to 12% per annum are subject to insurance, up to 3% in foreign currency. Nevertheless, more than two thirds of deposits are held in foreign currency.-06D--


RU AZ
2017 November 17 ( Friday )  15:03:48
 
Pasha Hayat Sigorta Becomes Leader in Insurance Fees, Ateshgah Hayat - in Payments

Baku / 17.11.17 / Turan: The leader for insurance premiums in January-October was Pasha Hayat Sigorta, which collected 123,370,841 manat, according to the report of the Financial Markets Supervision Authority (FIMSA).


RU AZ
2017 November 17 ( Friday )  14:56:46
 
Charges of Insurance Companies of Azerbaijan Increased by 10.1%

Baku / 17.11.17 / Turan: In January-October of 2017, Azerbaijani insurance companies collected insurance premiums in the amount of 462.653 million manat, an increase of 42 million 653 thousand manat or 10.1% compared to the same period of the previous year.


RU AZ
2017 November 17 ( Friday )  13:59:48
 
Second Bank Forum to Be Held in Baku

Baku / 17.11.17 / Turan: The Association of Banks of Azerbaijan (ABA) together with the Center for Analysis of Economic Reforms and Communications will hold the II Banking Forum in Baku on November 23-24.


RU AZ
2017 November 17 ( Friday )  13:28:00
 
Deposits in Ziraat Bank (Azerbaijan) Increased

Baku / 17.11.17 / Turan: Ziraat Bank (Azerbaijan) assets increased by AZN 50 million 491 thousand (43%) in the third quarter of 2017, up to 167 million 796 thousand manat, compared to the same period of last year.


RU AZ
2017 November 17 ( Friday )  12:34:59
 
International Bank of Azerbaijan Launches Mobile Application

Baku / 17.11.17 / Turan: OJSC The International Bank of Azerbaijan launches the digital service IBAm for customers based on the Backbase platform, the bank's press service reports.


RU AZ
2017 November 17 ( Friday )  12:18:56
 
Central Bank of Azerbaijan Reduces Budget of Deposit Auction

Baku / 17.11.17 / Turan: The Central Bank of Azerbaijan plans to attract 100 million manat at the deposit auction on November 20. The funds will be attracted for a period of 14 days, at an average weighted rate of 10.01% -14.99%.


RU AZ
2017 November 16 ( Thursday )  16:16:30
 
Azer-Turk Bank’s Capital Decreased by 7.5%

Baku / 16.11.17 / Turan: Azer-Turk Bank"s assets in the third quarter of 2017 decreased by 512 million 424 thousand manat (63.4%) to 295 million 206 thousand manat in comparison with the same period of the last year.


RU AZ
2017 November 16 ( Thursday )  13:29:14
 
USD Exchange Rate Stable, EUR Slightly Decreased

Baku / 16.11.17 / Turan: At the currency auction of the Central Bank on November 16, the USD rate did not change, remaining at 1.7002 manat.


RU AZ
2017 November 16 ( Thursday )  13:13:20
 
Yapi Kredi Bank Closes Debt to Central Bank of Azerbaijan

Baku / 16.11.17 / Turan: Yapi Kredi Bank"s assets in the third quarter of 2017 declined by 15 million 817 thousand manat (3.8%) to 403 million 786 thousand manat compared to the same period of the previous year.


RU AZ
2017 November 16 ( Wednesday )  10:35:32
 
“Secret” Register of FIMSA

Baku / 16.11.17 / Turan: In January-September of this year, the Financial Markets Supervision Authority (FIMSA) registered 40 issues of shares, but informed the public about not many of them. The public legal entity still keeps a secret the legally created register of securities issues https://www.fimsa.az/az/registry. About the liquidated securities, FIMSA does not provide any information at all.


RU AZ
2017 November 15 ( Wednesday )  14:36:55
 
Central Bank of Azerbaijan Does Not Change Discount Rate

Baku / 15.11.17 / Turan: The Board of the Central Bank of Azerbaijan made a decision to keep the discount rate at the level of 15%, the Central Bank said.


RU AZ
2017 November 15 ( Wednesday )  13:00:18
 
Updated Branch of Capital Bank Opened in Gadabay District

Baku / 15.11.17 / Turan: Capital Bank OJSC opened an updated branch in the Gadabay region.


RU AZ
2017 November 15 ( Wednesday )  12:36:04
 
Capital of Khalg Bank Grows by 10.5%

Baku / 15.11.17 / Turan: Khalg Bank's assets in the third quarter of 2017 increased by 56 million 710 thousand manat or 3.2% compared to the same period of the previous year, amounting to 1 billion 805.244 million manat.


RU AZ
2017 November 15 ( Wednesday )  12:13:09
 
Yield on Medium-term Bonds Increased by 1%

Baku / 15.11.17 / Turan: At the auction held on November 14, the Ministry of Finance placed government bonds with a circulation period of 1,092 days at the weighted average price of 109.36 manat with a nominal value of 100 manat. Some investors managed to buy these securities at114 manat at their repayment.


RU AZ
2017 November 15 ( Wednesday )  11:00:34
 
Assets of Rabita Bank Grow by 43%

Baku / 15.11.17 / Turan: In the third quarter of 2017, the assets of Rabita Bank increased by 219 million 457 thousand manat or 43% to 730 million 308 thousand manat compared to the same period of the last year.


RU AZ
2017 November 14 ( Tuesday )  16:36:59
 
VTB Group Buys Shares of VTB Bank (Azerbaijan)

Baku / 14.11.17 / Turan: Bank VTB 24, a member of the VTB Group, bought out 48.99% of the shares of VTB Bank (Azerbaijan). This follows from a report on the website of the disclosure of corporate information in Russia.


RU AZ
2017 November 14 ( Tuesday )  15:55:08
 
Securities Market Declined by 22.7%

Baku / 14.11.17 / Turan: The market of securities in Azerbaijan in January-September of 2017 declined by 22.7% or 2 billion 700.588 million manat against the period from January to September of the previous year, amounting to 9 billion 177.162 million manat.


RU AZ
2017 November 14 ( Tuesday )  15:24:25
 
Dollar rate at the currency auction does not change

Baku / 14.11.17 / Turan: At the currency auction of the Central Bank of Azerbaijan the dollar rate did not change, remaining at the level of 1,7002 manats. The auction was attended by the State Oil Fund of Azerbaijan. Commercial banks buy American currency in the range of 1.6900-1.6980 manat, and sell for 1.7010-1.7050 manats.


RU AZ
2017 November 13 ( Monday )  15:40:16
 
Net Profit of Pasha Bank Exceeds AZN 29 Million

Baku / 13.11.17 / Turan: Pasha Bank's assets increased by 684 million 050 thousand manat or 24.7% to 3 billion 486,994 million manat in the third quarter of 2017 compared to the same period of the previous year.


RU AZ
2017 November 13 ( Monday )  15:01:36
 
VTB (Azerbaijan) Reduced Interest Rate on Mortgage

Baku / 13.11.17 / Turan: VTB (Azerbaijan) launched a pre-New Year action, within the framework of which it offers customers a mortgage loan at a reduced interest rate.


RU AZ
2017 November 13 ( Monday )  14:23:49
 
Ministry of Finance Offers Investors Three-year Bonds

Baku / 13.11.17 / Turan: Tomorrow, on November 14, an auction will be held at the Baku Stock Exchange on which the Ministry of Finance issued bonds of a three-year circulation period. At the same time, the starting yield on them can reach 15%, the BSE informs.


RU AZ
2017 November 13 ( Monday )  13:44:10
 
Express Bank’s Capital Grows by 3%

Baku / 13.11.17 / Turan: Express Bank"s assets in the third quarter of 2017 increased by 8 million 282 thousand manat or 2.9%, amounting to 295 million 369 thousand manat, compared to the same period of the last year.


RU AZ
2017 November 13 ( Monday )  12:55:16
 
Demand at Deposit Auction Exceeds Supply Approximately Fourfold

Baku / 13.11.17 / Turan: At the Central Bank deposit auction on November 13, demand exceeded supply approximately fourfold.


RU AZ
2017 November 13 ( Sunday )  10:41:06
 
Is it possible to select pledges without a court decision? Banking circles argue about possible consequences

Public Association of Banks of Azerbaijan has prepared a bill on seizure of collateral by banks without a preliminary court decision. The draft law has not been published anywhere and experts believe that the document is simply hidden from the public because it violates Article 29 of the Constitution of Azerbaijan, according to which no one can be deprived of the property right without trial.


RU AZ
2017 November 10 ( Friday )  15:14:24
 
Losses of Demir Bank for Three Quarters Amounted to More Than AZN 20 Million

Baku / 10.11.17 / Turan: Demir Bank"s assets decreased by 100 million 823 thousand manat or 19%, amounting to 429 million 329 thousand manat, for the three quarters of 2017, compared to the same period of the last year,


RU AZ
2017 November 10 ( Friday )  12:44:49
 
Assets of Bank Respublika Decreased by 22.1%

Baku / 10.11.17 / Turan: In the third quarter of 2017, the assets of Bank Respublika decreased by 201 million 979 thousand manat or 22.1% to 710 million 542 thousand manat compared to the same period of the last year.


RU AZ
2017 November 10 ( Friday )  12:03:36
 
Budget of Deposit Auction to Be AZN 200 Million

Baku / 10.11.17 / Turan: At the deposit auction on November 13, the Central Bank of Azerbaijan plans to raise AZN 200 million.


RU AZ
2017 November 08 ( Wednesday )  15:14:12
 
Losses of Bank of Baku Amount to 31 million 890 thousand Manat in 2017

Baku / 08.11.17 / Turan: Assets of Bank of Baku in the third quarter of 2017 in comparison with the same period of 2016 decreased by 115 million 864 thousand manat or 21%, amounting to 433 million 678 thousand manat.


RU AZ
2017 November 08 ( Wednesday )  13:06:31
 
Capital of Bank Avrasiya Grows by 10%

Baku / 08.11.17 / Turan: The assets of Bank Avrasiya in the third quarter of 2017 increased by 17 million 627 thousand manat or 13% to 153 million 355 thousand manat in comparison with the same period of the last year.


RU AZ
2017 November 08 ( Wednesday )  12:26:24
 
Yield of Annual Government Bonds Increased by 2.72%

Baku / 08.11.17 / Turan: At the auction held on November 7, the Finance Ministry set a weighted average yield of government bonds with a circulation period of 364 days at the level of 8.97% per annum. This is 2.72% more than a month earlier, the Baku Stock Exchange reports.


RU AZ
2017 November 07 ( Tuesday )  15:53:48
 
VTB Bank (Azerbaijan) to Sell Russian Rubles Only for US Dollars

Baku / 07.11.17 / Turan: VTB Bank (Azerbaijan) announced the beginning of the sale of Russian rubles only for US dollars for entrepreneurs. In the bank"s message it is noted that now the exchange of dollars for rubles can be made through one conversion.


RU AZ
2017 November 07 ( Tuesday )  13:53:03
 
Money Supply Decreased by 1.6% for Month

Baku / 07.11.17 / Turan: As of October 31, the money supply in Azerbaijan amounted to 8 billion 531.6 million manat. Compared to the previous month, the money supply decreased by 139.6 million manat or 1.6%.


RU AZ
2017 November 07 ( Tuesday )  13:34:44
 
Currency Reserves of Central Bank of Azerbaijan Grows by 29.8%

Baku / 07.11.17 / Turan: Currency reserves of the Central Bank as of October 31, 2017 amounted to 5 billion 200.7 million US dollars.


RU AZ
2017 November 07 ( Tuesday )  13:00:57
 
USD Exchange Rate Does Not Change

Baku / 07.11.17 / Turan: At the currency auction of the Central Bank on November 7 the US dollar rate did not change, remaining at the level of 1.7003 manat.


RU AZ
2017 November 07 ( Tuesday )  12:17:11
 
Ata Bank Cuts Its Debt to Central Bank Twofold

Baku / 07.11.17 / Turan: Ata Bank assets increased by 142 million 526 thousand manat or 29.7% to 621 million 974 thousand manat in the third quarter of 2017 as compared to the same period of the past year.