OJSC Xalq Bank was licensed by the Central Bank of Azerbaijan to open two additional metropolitan branches.
As reported by the Central Bank, the division Sahil will operate in Sabail by Khagani Street, 23, and the branch 20 Yanvar is located in Yasamal at 67 Moscow Avenue.
It currently has 21 branches and one sub-branch, including 6 offices in Baku. - 15D -
Economics
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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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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