Past year net profit of International Bank of Azerbaijan (IBA) totaled AZN 209 million
Finance
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In January-November 2024, Azerbaijani banks purchased currency worth $6,603.9 million at auctions held jointly by the Central Bank and the State Oil Fund. This was reported by the Central Bank.
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The Center for Healthcare Provision under the Ministry of Health is holding an open tender for voluntary insurance of its goods and materials.This is reported on the unified Internet portal of public procurement.
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The possibility to issue daily loans to Azerbaijan's non-bank credit organisations (‘NBCOs’) is now available. This is specified in the ‘Rules for Credit Risk Management of NBCOs’ approved by the Central Bank of Azerbaijan (‘CBA’).
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As of the end of October 2024, Azerbaijani banks had assets worth 49,697.8 million manats.This is stated in the banking review published by the Central Bank of Azerbaijan.
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