Credit unions of Azerbaijan suffered losses worth AZN 0.7 million manats in first half of year

The Central Bank of Azerbaijan has published a review of the credit union based on the results of the first half of 2024. According to the document, local credit unions suffered losses in the amount of AZN 0.7 million in January-June.This is up by 80% from the same period of the last year. Over 6 months, the credit unions earned AZN 1 million manats of interest income, AZN 0.2 million of non-interest income; incurred AZN 0.1 million of interes...

Please login or subscribe to read more

Leave a review

Ad *

Your review *

Oxudum və razıyam Şərh göndərmə qaydaları

- Economics
- 23 July 2024 14:30
The Government Approves Amendments to Cross-Border Currency Transportation Rules
- Economics
- 23 July 2024 14:41
In the first half of 2024, the number of foreigners visiting Azerbaijan increased by 34%

Finance

Finance
- 13 February 2025, 12:43
Azerbaijan to redeem part of domestic public debt ahead of schedule
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.

Read more
Finance
- 13 February 2025, 11:53
Azerbaijan approves ‘Rules on Operational Risk Management in Banks’
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.

Read more
Finance
- 13 February 2025, 11:22
Azerbaijan increases social insurance receipts by nearly 12%
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.

Read more
Finance
- 13 February 2025, 11:07
Azerbaijan's revenues from export of insurance services decline by more than 23%
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).

Read more