Azerbaijan, IMF launch Article IV consultations

20.05.2016 [18:00]
The government of Azerbaijan and the International Monetary Fund (IMF) have embarked on Article IV consultations as Finance Minister Samir Sharifov met with head of the International Monetary Fund (IMF) mission on Azerbaijan Mohamed El Gorchi. The IMF`s country surveillance is an ongoing process ...

Azerbaijan Banks Association to hold conference on fight against money laundering

13.05.2016 [20:18]
Azerbaijan Banks Association (ABA) in partnership with German Fico Tonbeller company will organize a conference on the fight against money laundering on May 19. The event will be held by the expert group on “Anti-money Laundering and compliance” under the ABA ...

AIIB to hold first annual meeting in June

13.05.2016 [13:05]
The board of governors of the Asian Infrastructure Investment Bank (AIIB) will hold its first annual meeting in Beijing on June 25-26, the bank announced in a press-release. Governors and representatives from the bank's 57 founding ...

Azerbaijan`s Minister of Finance joins annual meeting of Council of Governors of ADB

03.05.2016 [18:57]
An Azerbaijani delegation led by Minister of Finance Samir Sharifov, is participating in the annual meeting of the Board of the Asian Development Bank (ADB). The Annual Meeting brought together over three thousand representatives consisting of ministers, high ranking government officials, business people and heads of central banks ...

AIIB, ADB sign MoU to strengthen cooperation for sustainable growth

02.05.2016 [19:12]
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and Asian Development Bank (ADB) President Takehiko Nakao signed a memorandum of understanding (MOU) today on the sidelines of ADB’s 49th Annual Meeting of the Board of Governors, according to official ...

PASHA Sigorta starts motor vehicle insurance (CASCO) campaign

02.05.2016 [11:16]
As is reported, PASHA Insurance celebrates its 10th anniversary and has announced motor vehicle insurance (CASCO) campaign named “Get a discount for 10 years of driving” for the insurance market. Purpose of the project is to spend less customer’s ...

FINCA President arrives in Azerbaijan

25.04.2016 [13:24]
FINCA President Rupert Scofield has today arrived in Azerbaijan. During the three-day trip, Mr Rupert will visit FINCA Azerbaijan’s head office and several branch offices. He will also held business meetings ...

Seminar on assessing tax administration underway in Baku

21.04.2016 [12:48]
The Ministry of Taxes of Azerbaijan has organized a seminar on the theme of tax administration improvement. The seminar is held with the support of the organization of a diagnostic tool for assessing tax administration (TADAT) ...

Bank Silk Way presents special “SW Club” for holders of its plastic cards

20.04.2016 [17:00]
Bank Silk Way presents special “SW Club” for the holders of its plastic cards. “SW Club” is a unique discount program offering discounts. The purpose of the club is to present discounts and deductions to the customers of the bank in various shopping, entertainment ...

AccessBank signs first loan agreement under EBRD

18.04.2016 [19:41]
AccessBank has signed the first loan agreement under the EBRD co-financing facility (MCFF) with its long-term client Eurohome. The Bank will provide financing to Eurohome jointly with the EBRD for the development of new construction markets in Azerbaijan. ...

WB continues supporting Azerbaijan’s Highway Rehabilitation and Maintenance Program

29.03.2016 [18:06]
The World Bank Board of Directors today approved a US$ 140 million loan to Azerbaijan for the Additional Financing for the Third Highway Project, according to worldbank.org. The Additional Financing will help complete upgrading of the Baku – Shamakhi road sections by expanding ...

AccessBank gives free mobile minutes to its customers

21.03.2016 [13:58]
Clients, who send or receive money via international money transfer systems get free mobile minutes as a gift from AccessBank. During the campaign "Fast Transfers – Gift Minutes" the bank gives clients 10 free minutes from mobile operators Bakcell and Nar ...

Azer Turk Bank launches training program for volunteers

17.03.2016 [15:13]
Azer Turk Bank has launched a training program for volunteers under a cooperation agreement with the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan ...

IBA announces “Expand your possibilities with “AmericanExpress” campaign

16.03.2016 [20:24]
The International Bank of Azerbaijan (IBA) congratulates its clients on forthcoming Novruz Holiday and starts new campaign for its salary card-holders. From March 15, the bank announces “Expand your possibilities with “AmericanExpress” campaign. IBA salary card-holders will have the possibility to get credit card limits equal to their monthly salary for up to 12 months ...

CBA: no plans to abandon floating exchange rate

11.03.2016 [11:10]
The Central Bank of Azerbaijan (CBA) doesn’t plan to abandon the floating exchange rate, said the message from the bank on March 11. CBA denied the information in the social media about plans to abandon the floating exchange rate from March 18 ...

SOFAZ sells $50 million to 24 banks

09.03.2016 [13:31]
The State Oil Fund of Azerbaijan (SOFAZ) has taken part in today’s foreign exchange auction of the Central Bank as a seller. SOFAZ said it has sold $50 million through the auction today. "24 banks were among the buyers," the Fund said ...

Asian Development Bank Signs Technical Assistance Agreement with FINCA Azerbaijan

29.02.2016 [17:16]
Asian Development Bank (ADB) has signed a technical assistance agreement with FINCA Azerbaijan within the framework of its private sector operations. Under the agreement, ADB will provide technical assistance worth $400,000 to support FINCA Azerbaijan towards ...

CBA sells 30 million USD to banks

24.02.2016 [13:17]
The Central Bank of Azerbaijan (CBA) sold $30 million to 14 domestic banks through the auction on February 24, the CBA said. “CBA put up for sale $30 million, but the total demand of banks for foreign currency amounted to $66.76 million and it was met by 44.9 percent,” the statement said ...

Free internet-banking from AccessBank

22.02.2016 [20:19]
AccessBank offers a unique opportunity for individuals and private entrepreneurs - to use the system free of charge during first 3 months. myAccess is an innovative Internet Banking system which meets all contemporary requirements. Despite the fact that the service was ...