Centralized resources account for more than half of all funds raised by banks from the financial sector
Obligations of the banking system for loans borrowed from the Central Bank of Azerbaijan (CBA) increased in September to 147.2 million or 6.5 percent to 2415.3 million manat. For the one-year period, it increased by 423.9 million or 21.2%, since the beginning of the year - by 382.7 million or 18.8%.
According to the CBA, since last June centralized credits have been issued at the rate of 5.25% per annum.
At the end of September, the Central Bank centralized resources were 50.7% of all funds raised by banks from the financial sector, and 17.7% of total liabilities of the banking system.
It is noteworthy that 4 years ago on September 1, 2008, when the global financial crisis had only just begun to be felt in the country's banking system, the share of CBA loans came to only 118.6 million or 1.4% of total liabilities of the banks. - 15V -
Economics
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
Leave a review