markets
Fed Raises Rates for First Time Since 2023, to 3.75–4%
The Fed raised rates for the first time since July 2023, by 25 basis points to 3.75–4%. The unanimous decision came amid persistently high inflation; markets saw it as a hawkish signal.
Expressbank Posts Record Growth
Expressbank published its financial results for the second quarter of 2026
Volume of Money Transfers to Azerbaijani Banks Revealed
The amount of funds received by Azerbaijani banks through fast money transfer systems in May has been disclosed.
How Did Yelo Bank Perform in the First Half of the Year?
Yelo Bank announced its financial results for the first half (January-June) of 2026. The bank significantly strengthened its capital position and maintained high growth in core operating income.
Kapital Bank Announces Financial Results
Kapital Bank reported financial indicators as of June 30, 2026, with assets reaching 13.3 billion manats and net profit up 44% year-on-year.
Bank Respublika to Increase Authorized Capital
Bank Respublika plans to increase its authorized capital by 126.79 million manats, or 2.7 times, from 73.96 million to 200.75 million manats.
Azerbaijan's Retail Trade Turnover Grows
Azerbaijan's retail trade turnover increased by 3.7% in January-June 2026 compared to the same period in 2025, reaching 32.389 billion manats.
ABB Launches Next Stage of Bond Issuance
On July 10, 2026, the International Bank of Azerbaijan (ABB) launches the next stage of bond issuance, presenting the 7th issue of bonds with a total volume of 5,000,000 AZN.
Khalg Bank Offers Consumer Loans on Favorable Terms
Khalg Bank offers consumer loans starting from 15% annual interest, with amounts up to 20,000 manats unsecured and up to 30,000 manats with a guarantor.
Cryptocurrencies Become a Political Tool
US President Donald Trump has transformed from a fierce critic of cryptocurrencies into an active defender. Meanwhile, his family has earned hundreds of millions of dollars from them.
Spain's Stock Index Falls After Trump Remarks
Spain's main stock index IBEX 35 fell 1.98% on Wednesday after U.S. President Donald Trump criticized Madrid at the NATO summit in Ankara.