Azerbaijani banks raise their deposit portfolio by 7%
As of the end of February 2024, the Azerbaijani banks had a deposit portfolio worth 34,959.3 million manats.
This is stated in the banking review published by the Central Bank of Azerbaijan.
According to the document, this is down by 0.1% from the end of January.
However, the banks' deposit portfolio grew by 1.2% as compared to the end of the last year and by 7.4% over the past year.
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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