Creditors of the International Bank of Azerbaijan (IBA) adopted a voluntary restructuring plan of foreign liabilities at a general meeting. The plan will come into force after approval by the Financial Market Supervisory Authority (FIMSA) and Nasimi District Court ...

Chairman of Central Bank of Azerbaijan meets his Swiss counterpart

13.07.2017 [21:18]
Chairman of Central Bank of Azerbaijan Elman Rustamov has met his Swiss counterpart Tomas Jordan. Mr. Rustamov said the Swiss National Bank is one of the main partners of Azerbaijan in the field of institutional reforms. He also thanked ...

Our foreign exchange reserves amount to $40.6bn, Azerbaijani President

12.07.2017 [20:10]
“Our foreign exchange reserves have increased and now amount to $40.6 billion. This is a very good indicator because they have grown by approximately $3 billion from the beginning of the year,” President Ilham Aliyev told a Cabinet meeting. ...

New York court rejects IBA creditors’ appeal

29.06.2017 [21:11]
Potential legal risks to voluntary restructuring of foreign liabilities of the International Bank of Azerbaijan (IBA) are left behind, Chairman of the IBA Management Board Khalid Ahadov said. “The appeal of a number of creditors (to the New York court) regarding ...

ASAN Innovation Center and Mastercard sign memorandum

21.06.2017 [19:56]
Mastercard and leading public institution in Azerbaijan “Innovation Center” signed memorandum on financial literacy projects and contribution to the vision of “Cashless Azerbaijan”. ...

Branches of AtaBank OJSC will work extended hours

21.06.2017 [11:32]
During the Formula 1 Azerbaijan Grand Prix to be held in Baku AtaBank OJSC will work extended hours. Branches of AtaBank OJSC will work continuously from June 23 to June 25. Working ...

India to host 2018 AIIB Annual Meeting

16.06.2017 [19:06]
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that the Bank’s third Annual Meeting of the Board of Governors will be held in Mumbai, India in June 2018. India is the Bank’s second largest shareholder and is becoming ...

Azerbaijan, Black Sea Trade Development Bank explore ways of developing cooperation

12.06.2017 [21:40]
Azerbaijan`s Minister of Finance Samir Sharifov has met president of the Black Sea Trade and Development Bank (BSTDB) Ihsan Ugur Delikanli. They discussed current state and prospects of relations between Azerbaijan and BSTDB. They also focused on the scope of ...

AtaBank opens new division

12.06.2017 [16:01]
AtaBank OJSC opened a new division in Baku. Located on Pushkin Street near 28 May metro station, new division "Sahil" provides a wide range of services to individuals and legal entities. The new service center offers all kinds of banking services, including cash ...

AtaBank OJSC awarded with special prize from MasterCard

25.05.2017 [16:20]
MasterCard has organized a conference in Baku. According to the results of 2017, AtaBank OJSC won the nomination "Bank with the largest number of contactless POS-terminals in Azerbaijan" and was awarded with a special diploma ...

China-led AIIB expects to have 85 members by end-2017

22.05.2017 [11:04]
China-backed Asian Infrastructure Investment Bank (AIIB) expects to have 85 members by the end of this year, its president Jin Liqun said on Sunday ...

AtaBank launches pay non-cash, get cash stimulating lottery

01.05.2017 [15:30]
Pay non-cash, get cash stimulating lottery by AtaBank OJSC starts again. Stimulating lottery started on May 1, 2017 and will continue till December 31, 2017. Lottery is designed for residents engaged in non-cash transactions by any card issued by banks ...

Baku 2017 signs agreement with Kapital Bank

25.04.2017 [16:20]
Baku 2017 Islamic Solidarity Games has signed another Official Partnership Agreement - this time with Kapital Bank - shortly ahead of the Games. Kapital Bank will provide retail banking services during the Games ...

Taxation reforms discussed at business forum in Baku

20.04.2017 [12:18]
Key issues concerning changes in taxation have been discussed in Baku at the business forum organized by the Caspian European Club and Caspian American Club, and held with participation of Deputy Minister of Taxes of the Republic of Azerbaijan ...

AtaBank OJSC to serve customers on Novruz holidays

16.03.2017 [19:53]
According to recommendations of the Financial Market Supervisory Authority to provide customers access to the banking services during Novruz holiday next branches of the AtaBank will work continuously on March 21 and March 24: Baku branch - Baku, ...

AtaBank OJSC participates in festive event

16.03.2017 [16:43]
AtaBank OJSC took part in the festive event held at the initiative of the Central Bank of Azerbaijan Republic in the Park Boulevard shopping center. The purpose of the event was assistance of financial literacy among the population as social value, and informing ...

Kapital Bank becomes member of American Bankers Association

01.03.2017 [20:53]
Kapital Bank has become a member of the American Bankers Association (ABA). Bank says among the CIS countries, only Kapital Bank and a Russian bank are members of the Association ...

FIMSA, World Bank and SECO cooperate to modernize Azerbaijan’s financial sector

24.02.2017 [15:01]
Financial Markets Supervision Authority of the Republic of Azerbaijan (FIMSA), Swiss Secretariat for Economic Affairs (SECO) and World Bank launched the second phase of the Financial Sector Modernization Project (FSMP2). The objective of the Project is ...

Azerbaijan, Denmark ink convention on avoidance of double taxation

17.02.2017 [21:30]
Azerbaijan and Denmark have signed the convention on avoidance of double taxation and prevention of tax evasion on income taxes. The document was signed by Azerbaijani Minister of Taxes Fazil Mammadov and his Danish counterpart ...