The depositors of 10 closed banks have been compensated 725 million 525 thousand manat by the Deposit Insurance Fund. The specification is as follows: Para Bank – AZN 43 million 175 thousand (98.4% of the total amount of compensation), Zamin Bank – AZN 54 million 356 thousand (75%), Credo Bank – AZN 27 million 771 thousand (99 9%), Deka Bank – AZN 3 million 086 thousand (98.7%), Atra Bank – AZN 14 million 280 thousand (98.1%), Qafqaz Inkisaf Bank – AZN 1 million 974 thousand (94.4%), Bank of Azerbaijan – AZN 24 million 161 thousand (97%), Ganja Bank – AZN 976,440 (94%), Tekhnika Bank – AZN 120 million 433 thousand (98.2%), and Bank Standard - 435 million 313 thousand (99%). ----71D
Economics
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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.
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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.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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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.
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