Finance
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The State Oil Fund (SOFAR) has invested US$ 100 million in an educational network in the United Arab Emirates (UAE). This is reported by the SOFAR.
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The auction for placement of interest-bearing, unsecured, undocumented, registered bonds (the next batch) of "Kapitalbank" with the code AZ2011005157 ISIN in the amount of 50 million manats and circulation period of 1 year has ended at the Baku Stock Exchange (BSE). This is reported by the BSE.
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As of the end of May2024, Azerbaijani banks had assets worth AZN 49,147.5 million. This is stated in the banking review published by the Central Bank of Azerbaijan.
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Reorganisation of the only regional bank of Azerbaijan - "Nakhchivanbank" into a non-banking credit organisation (NBCO) "E-kredit" bank does not pose a threat to the bank's creditors, including its depositors.
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