Azerbaijan raises $1.25bn in international bond debut

12.03.2014 [17:23]
Azerbaijan has raised $1.25bn in its first international bond sale, in a sign of continued investor interest in emerging economy debt. Azerbaijan sold a benchmark 10-year bond with a 5 per cent yield ...

IMF delegation visits Azerbaijani Central Bank

05.03.2014 [11:37]
Head of the Central Bank of Azerbaijan (CBA) Elman Rustamov has met a delegation of the International Monetary Fund's (IMF) Mission to the country. Elman Rustamov spoke about macroeconomic stability, economic growth, development of non-oil sector, the CBA`s monetary policy, the banking sector and capitalization of banks in ...

Delegation of “Pasha Life Insurance” attends international forum in Moscow

28.02.2014 [19:10]
A delegation of “Pasha Life Insurance” has attended the 4th International Russian Insurance Forum in Moscow. The forum focused on the state of the world and regional insurance markets, the role of ...

Fitch affirms AccessBank’s rating at BB+

24.12.2013 [14:23]
The rating agency Fitch confirmed on 18 December 2013 the long-term IDR rating of AccessBank at ‘BB+’ (outlook stable). The viability rating, assessing the stand alone risk without taking into account potential shareholder support was upgraded from ‘B+’ to ‘BB-‘ ...

Baku Stock Exchange receives award of International Finance Magazine

23.12.2013 [12:04]
Baku Stock Exchange (BSE) has received the award of the International Finance Magazine on the nomination of “the best consumer service initiative”. According to the BSE, the award was given for the efforts within the BSE Program of ...

ADB to allocate up to $500 million for projects in Azerbaijan within three years

20.12.2013 [14:01]
The Asian Development Bank (ADB) plans to allocate around $500 million for state projects in Azerbaijan within the next three years. The allocation of this amount is envisaged by the draft business plan for the Bank's operations in Azerbaijan for the years 2014-2016, which has already been agreed ...

Moody`s upgraded Bank of Baku`s rating to B1

19.12.2013 [15:26]
International Rating Agency Moody`s Investors Service has upgraded OJSC Bank of Baku`s long-term local and foreign-currency deposit ratings to B1 from B2. Moody`s rating action is primarily based on Bank of Baku`s audited financial statements for ...

EBRD opens two credit lines to Azerbaijani Bank Respublika

18.12.2013 [20:22]
Under its Azerbaijan Multi-Bank Framework Financing Facility, the European Bank for Reconstruction and Development (EBRD) is providing $ 9.4 million to Bank Respublika, which has wide national coverage and is the sixth-largest bank ...

ADB to lend $45m on road network upgrades in Azerbaijan

17.12.2013 [15:23]
The Asian Development Bank (ADB) is ready to offer the $45 million worth of the new tranche of multi-tranche financing facility (MFF) Road Network Development Program. According to head of the ADB office in Azerbaijan Olly Norojono, the tranche will be spent on ...

PASHA Bank holds seminar on “Azerbaijan: Beyond oil & gas” in London

21.11.2013 [20:59]
PASHA Bank has conducted a seminar titled "Azerbaijan: Beyond of oil & gas" in London. The Bank informs that the speakers` presentations and discussion between the invited experts enabled the seminar participants to understand the real picture of the investment ...

Azerbaijani Muganbank signs financing agreement with ICD

06.11.2013 [11:36]
Azerbaijan`s Muganbank has signed a financing agreement with Islamic Corporation for the Development of the Private Sector (ICD) on a total amount of USD 3,000,000. The ICD line of financing will be used exclusively to finance Small and Medium size ...

Baku Stock Exchange receives Financial Awards 2013

03.10.2013 [13:24]
International Finance Magazine announced the winners of Financial Awards 2013. According to the Magazine, 6 organizations from Azerbaijan including 3 banks, 1 insurance company and 1 non-banking credit organization received the Awards. According to the Magazine, the “Baku Stock Exchange” received Financial Awards 2013 for ...

Chairman of Azerbaijan Central Bank meets Singaporean Senior Minister of State

23.09.2013 [12:29]
Chairman of the Central Bank of Azerbaijan Elman Rustamov has today met with a delegation led by Lee Yi Shyan, Senior Minister of State, Singapore`s Ministry of Trade And Industry ...

Population`s income sees 7.2% growth in Azerbaijan in seven months of 2013

15.08.2013 [19:52]
The population in Azerbaijan has had its income increase 7.2% in the first seven months of 2013 against the same period last year, State Statistical Committee has said. Official figures show that the population`s income reached 18.9 billion manats in January ...

Azerbaijani official joins UN Committee of experts on tax cooperation

07.08.2013 [13:53]
Head of International Treaties division at Azerbaijan Taxes Ministry's International Affairs Department Ulvi Yusifov has been elected a member of the UN Committee of Experts on International Cooperation in Tax Matters ...

Azerbaijan Central Bank, ADB discuss cooperation

01.08.2013 [19:40]
The Asian Development Bank (ADB) and Azerbaijan`s Central Bank have discussed a range of issues of bilateral cooperation as a delegation led by Director, Regional Cooperation and Operations Coordination Division at ADB Central and ...

Currency reserves of Azerbaijan`s Central Bank exceed $12.7 bln

16.07.2013 [14:32]
The Central Bank of Azerbaijan (CBA) has said that the total volume of its currency reserves reached $12,720,400,000 as of late June 2013. The bank said that the volume of its currency reserves had grown ...

AccessBank named ‘Best Bank in Azerbaijan’ by Euromoney

12.07.2013 [18:25]
AccessBank has won "Best Bank in Azerbaijan" award at the annual Euromoney "Awards for Excellence" in London. The bank received the award for the fourth consecutive year. The Euromoney awards are among the most prestigious in the financial world and are given ...

Moody`s Investors Service delegation visits Azerbaijan`s International Insurance Company

21.06.2013 [11:31]
A delegation of the Moody`s Investors Service International Rating Agency has visited the International Insurance Company (ICC), one of the leading insurance companies of Azerbaijan ...