finance
Azerbaijan's Banking Sector Profit Rises 22.65%
In January-August 2026, the net profit of Azerbaijan's banking sector reached 949.7 million manats, up 22.65% year-on-year.
Azerbaijan's Mortgage and Credit Guarantee Fund cuts lending by 13.7%
In January–August 2024, Azerbaijan's Mortgage and Credit Guarantee Fund issued 262.9 million manats in loans, down 13.7% year-on-year. Refinanced loan volumes also declined.
EBRD: Project Portfolio in Azerbaijan Reaches €888 Million
The EBRD's portfolio in Azerbaijan at the end of July 2026 stood at €888 million, covering 35 projects. Since starting operations, the bank has invested €3.728 billion in the country's economy.
China's Central Bank: Yuan Loans Grew by 10.44 Trillion Yuan in Eight Months
The People's Bank of China reported that yuan lending rose by 10.44 trillion yuan in January–August 2026. The regulator intends to maintain a moderately loose policy in the second half of the year.
Azerbaijan's Mortgage Lending Drops by 3.8%
In January-July 2024, the volume of mortgage loans issued through the Mortgage and Credit Guarantee Fund (MCGF) amounted to 237.8 million manats, down 3.8% year-on-year.
Azerbaijan Banks' Deposit Portfolio Grows to AZN 44.5 Billion
According to the Central Bank of Azerbaijan, the deposit portfolio of Azerbaijani banks stood at AZN 44.5 billion as of August 1, up 6.5% year-on-year.
Azerbaijani Banks' Net Foreign Assets Rise to 32.1 Billion Manats
According to CBA data, net foreign assets of Azerbaijani banks reached 32.1 billion manats as of August 1, 2026, up 2.5% month-on-month.
Azerbaijani Banks' Net Profit Up 26%
According to the Central Bank of Azerbaijan, the banking sector's net profit for 7 months of 2024 amounted to 858.7 million manats, up 26% year-on-year.
Mastercard: AI in Finance Requires Flawless Performance and Trust
Mastercard's AI and Data Director Greg Ulrich discusses key principles for implementing artificial intelligence in the financial industry, emphasizing the importance of operational standards, governance, and transparency.
Azerbaijan Recognized as Compliant with US Fiscal Transparency Requirements
The US State Department's 2026 report confirms Azerbaijan meets minimum financial transparency requirements.
SOCAR's debt grows 18.8% to 3 billion manats
At the start of the year, SOCAR's debt obligations reached 3.047 billion manats, up 18.8% year-on-year. The bulk of the debt is owed to the State Oil Fund.
EFSD to Provide Tajikistan with $200 Million Budget Support Loan
The Eurasian Fund for Stabilization and Development will provide Tajikistan with a $200 million loan to support the state budget. The funds will be disbursed in three tranches.
Russia's International Reserves Rise to $740 Billion
Russia's international reserves increased by $19.7 billion over the week, reaching $740 billion as of August 7.
VTB Capital Reduction: Sign of Losses or Shareholder Flight?
VTB (Azerbaijan) announced a reduction in its authorized capital from 315.8 million to 94.7 million manats, raising questions about the bank's financial stability.
CBA Discusses Digitalization of Capital Market
The Central Bank of Azerbaijan held a meeting to discuss capital market development and enhancing digitalization.
VTB (Azerbaijan) to Cut Authorized Capital by 3.3 Times
VTB (Azerbaijan) decided at a shareholders' meeting on July 3 to reduce its authorized capital from 315.8 million to 94.7 million manats to align its capital structure with legal requirements.
VTB (Azerbaijan) Cuts Non-Interest Expenses
VTB (Azerbaijan) became the only bank to significantly reduce non-interest expenses, while most banks increased costs.
Uzbekistan's Bank Profits Surge 69% in First Half of 2026
Net profit of Uzbekistan's banking sector reached 11 trillion soums in H1 2026, up 68.9% year-on-year, with Ipoteka Bank leading.
Fitch Upgrades ABB Bank's Ratings to BB+
International agency Fitch has upgraded ABB Bank's long-term issuer default rating from BB to BB+, with a stable outlook.
Xalq Bank Offers Unsecured Business Loans to Entrepreneurs
Xalq Bank launches a new credit campaign, offering entrepreneurs more favorable and accessible financing conditions.
TuranBank Completes Gender Equality Project with Columbia University
TuranBank, together with Enabling Qapital and Columbia University, implemented a project to promote gender equality in Azerbaijan's financial sector.
Azerbaijan Records Over 5,000 Card Fraud Cases Since Start of Year
CBA reports 5,305 card fraud cases totaling 1.07 million manats in Q2 2026.
Azerbaijan Bank Deposits Rise to 44.2 Billion Manats
Azerbaijan's bank deposit portfolio reached 44.2 billion manats as of July 1, 2026, up 4.6% month-on-month.
Khalg Bank Increases Authorized Capital by 30.5 Million Manats
Khalg Bank has increased its authorized capital by 30,494,520 manats to 477,094,000 manats by raising the par value of its shares.