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Baku/26.05.23/Turan: Since this month, the activities of the Baku branch of the National Bank of Iran ("Bank Melli Iran") have been restricted.
According to information from the Baku branch, the Central Bank of Azerbaijan (CBA) has banned all banking operations (accepting deposits, lending, etc.), except for withdrawing money from the account.
At the same time, the CBA is checking the activities of the Iranian bank. The regulatory body has not yet commented on the situation around the restriction of the activities of "Bank Melli Iran". Turan's attempts to get a comment from "Bank Melli Iran" yielded no results.
It is possible that the restrictions are related to the sanctions imposed by the United States and the European Union against Iran.-0
Finance
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In January-April 2024, the population of Azerbaijan earned a nominal income of 24,579.9 million manats. This is reported by the State Statistics Committee.
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Non-bank credit organization (NBCO) “Kredit Services” has released its financial indices for 2023.
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The document notes that the concentration trend in the country's banking sector has weakened.
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