AtaBank OJSC to serve customers on Novruz holidays
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

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

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

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

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 ...
Results of Notes placement of Central Bank of Azerbaijan

Results of Notes placement of Central Bank of Azerbaijan

09.02.2017 [20:23]
On February 8, an auction on placement of short-term notes of the Central Bank of the Republic of Azerbaijan with the state registration number 50100853S, total volume AZN 50 000 000, face value per note AZN 100, and turnover period 29 days was ...
Government increases its stake in International Bank of Azerbaijan

Government increases its stake in International Bank of Azerbaijan

28.01.2017 [17:42]
The Ministry of Finance of the Republic of Azerbaijan (MOF) has increased the Government’s stake in the International Bank of Azerbaijan (IBA) from 54.96 percent to 76.73 percent. ...
Azerbaijan, IDB sign grant agreement

Azerbaijan, IDB sign grant agreement

18.01.2017 [20:33]
The Azerbaijani government and the Islamic Development Bank (IDB) have signed a grant agreement to provide technical assistance to prepare the legal framework for Islamic finance. The agreement envisages the analysis of banking legislation ...
Azerbaijanis` incomes rise 8.9 per cent

Azerbaijanis` incomes rise 8.9 per cent

15.12.2016 [21:21]
Incomes of Azerbaijan`s population increased by 8.9 per in 11 months of this year in comparison with 2015, the State Statistical Committee has said. Official figures suggest that Azerbaijanis earned 40,028,500,000 manats ( approximately $22,449,266,000) from January to November this year ...
 French Finance Minister: Azerbaijan is an important partner for France    <span style="color:#ff0000">VIDEO</span>

French Finance Minister: Azerbaijan is an important partner for France VIDEO

14.12.2016 [15:58]
"Azerbaijan is an important partner for France," said French Finance Minister Michel Sapin as he met with his Azerbaijani counterpart Samir Sharifov on the sidelines of the 8th Azerbaijan-France Intergovernmental Economic Commission. They exchanged views on the development of coperation in a variety of fields of economy, as well as Azerbaijan's ...
China-led AIIB approves $301 mln in loans to Oman

China-led AIIB approves $301 mln in loans to Oman

10.12.2016 [12:52]
The Asian Infrastructure Investment Bank (AIIB) said on Friday it approved two loans totalling $301 million for two transport projects in Oman, Reuters reports. The projects are $265 million for port infrastructure and $36 million for railways, the AIIB said ...
ADB approves $500 million loan to support Azerbaijan’s economy

ADB approves $500 million loan to support Azerbaijan’s economy

07.12.2016 [15:02]
The Asian Development Bank (ADB) has approved a $500 million loan to help Azerbaijan diversify its economy. The loan will help maintain social spending, create jobs, and to mitigate the adverse impact of a crash in oil prices ...
Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

06.12.2016 [18:38]
"Azerbaijan has managed to attract the largest amount of foreign investment in recent years and is the regional leader in this regard," said Minister of Taxes Fazil Mammadov as he met with a delegation led by Pakistan's Minister of Commerce Khurram Dastgir Khan in Baku. ...
Azerbaijan, Eurasian Development Bank discuss cooperation opportunities

Azerbaijan, Eurasian Development Bank discuss cooperation opportunities

05.12.2016 [21:09]
Azerbaijan`s Minister of Finance Samir Sharifov has met Chairman of the Management Board at Eurasian Development Bank Dmitry Pankin to discuss the bilateral cooperation opportunities. The Azerbaijani minister highlighted the macroeconomic situation in the country ...
PASHA Insurance invites all “exemplary drivers” to win up to 30% discount on Motor Casco insurance product

PASHA Insurance invites all “exemplary drivers” to win up to 30% discount on Motor Casco insurance product

24.11.2016 [16:11]
For promoting responsible driving habits, PASHA Insurance will launch a new campaign named “discounts for exemplary drivers” starting from 24th of November which will continue until 23rd of December ...
Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

23.11.2016 [17:58]
Fitch Ratings has affirmed International Bank of Azerbaijan's (IBA) Long-Term Issuer Default Ratings (IDRs) at 'BB'. The Outlook is Negative. The agency has also downgraded IBA's Viability Rating (VR) to 'f' from 'b-'. ...
ADB allocated $2.8 bn to Azerbaijan so far

ADB allocated $2.8 bn to Azerbaijan so far

16.11.2016 [11:27]
Vice-President of the Asian Development Bank (ADB) Wencai Zhang said the bank has allocated a total of $2.8 billion to Azerbaijan in loans and grants since 1999. ...
World Bank expresses readiness to render technical assistance to Azerbaijan

World Bank expresses readiness to render technical assistance to Azerbaijan

13.11.2016 [13:26]
“World Bank is ready to provide the necessary technical assistance to Azerbaijan,” said the WB chief economist Naoko Kojo as he met with chief of the country`s Financial Markets Supervision Chamber Rufat Aslanli. Kojo said the WB is ready to support Azerbaijan`s reforms to strengthen macroeconomic stability ...
International Bank of Azerbaijan attracts over $200 million syndicated loan

International Bank of Azerbaijan attracts over $200 million syndicated loan

10.11.2016 [16:33]
The International Bank of Azerbaijan (IBA) successfully attracted over $200 million syndicated loan. Deal was arranged by Citibank, Credit Suisse A.G. London Branch (Credit Suisse), Emirates NBD Capital Limited (ENBD) and J.P. Morgan. Citi was appointed ...