Banks are trying to "brighten" the Spring Festival with various campaigns
On the eve of Novruz banks traditionally start sorts of promo campaigns, and this year is no exception.
So one of the popular credit Bolkart cards from Bank of Baku timed to the holiday several actions, including the campaign "three months for free " - from 19 to 26 March holders of Bolkart, who made a purchase with the card, will receive an additional 3 months installment, until March 19, the owners of Bolkart, shopping in supermarkets Bolkart, can pay off the debt within two months , as well as all the festive cashing card balance.
Apparently in unison Bolkart, cardholders ALBALI from 19th March to 26th March making purchases with the card (ALBALI PLUS and 28 Mall ALBALI) for 3 months and more give 3 additional months payment as a gift. Also from 17 to 19 March and from March 24 to 26, customers can get credit in Unibank with 50 % discount on the commission.
Spring promotion from DemirBank, Novruz Serfeli, will run until March 28, 2014 and assumes the discount of 1% , 2%, 3 % or 4 % for consumer and business loans .
On the occasion of Novruz , Capital Bank announces discount program for a cash advance loan . In particular, until April 15, customers who have gone to the bank for cash loans can take a loan in the amount of 10.000 AZN with a condition to payment for 36 months. Moreover, the program will be granted a discount of 4% annual interest rate. - 15B-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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