Maliyyə - BAKU.NEWS https://old.baku.news/ az Maliyyə - BAKU.NEWS BAKU.NEWS Standard &Poor's agentliyi Kapital Bank-ın reytinqini təsdiqlədi https://old.baku.news/gundem/26541-standard-amppoors-agentliyi-kapital-bank-in-reytinqini-tesdiqledi.html https://old.baku.news/gundem/26541-standard-amppoors-agentliyi-kapital-bank-in-reytinqini-tesdiqledi.html
]]> Standard & Poor's international rating agency has determined the outlook on Kapital Bank's rating as "stable"and affirmed it at the level of "BB-/B". This rating is one of the highest among the banks of the country.

According to the agency,over the next year Kapital Bank will be able to withstand the global economic downturn due to the COVID-19 pandemic and decline in oil prices better than its local and international peers, due to adequate capitalization, stable deposit funding, and ample liquidity. In addition, it is noted that Kapital Bank's combined capital and risk position is stronger as well.

The report says that the KapitalBank's annual growth in loans and deposits will remain at about 10%-15%, which is higher than forecast for the system average of about 5%-10%.It was also stressed that the Bank is planning to focus on increasing digitalization and improving customer service in the period of slower economic activity.

Kapital Bank, having the biggest branch network in Azerbaijan, is at the service of customers with 101 branches and 15 departments. For more detailed information about the Bank’s products and services, please refer to www.kapitalbank.azwebsite, 196 Call Centre or the Bank’s various social network pages.

]]> Tue, 16 Jun 2020 17:49:02 +0400 Avropada nağd pula tələbat rekord səviyyədə artıb https://old.baku.news/gundem/23007-avropada-nad-pula-tlbat-rekord-sviyyd-artb.html https://old.baku.news/gundem/23007-avropada-nad-pula-tlbat-rekord-sviyyd-artb.html
]]> The value of euro banknotes in circulation has increased by the largest amount since the 2008 financial crisis, according to new data which indicates many people in Europe have responded to the coronavirus pandemic by hoarding cash, BAKU.NEWS informs with reference to the Financial Times.

In the four weeks to April 10, the value of euro banknotes distributed to individuals and businesses rose by €41.2bn to €1.33tn, the weekly financial statement published by the European Central Bank on Wednesday showed.

That is the biggest jump in the amount of cash in circulation in the eurozone since it rose by €41.4bn in the four weeks to October 24, 2008 — shortly after Lehman Brothers went bankrupt, causing the global financial system to freeze.

In some European countries, where cash is still the only way to pay in many shops and cafés, consumers responded to concern about the spread of coronavirus by withdrawing extra cash from ATMs at the start of the pandemic.

About a third of all cash in circulation is kept by households as a safe asset for “rainy day” purposes, according to a previous ECB study. The increase in demand for banknotes was comparable to the uptick usually seen in the weeks before Christmas, suggesting it was linked to the recent increase in spending on household items, such as toilet paper, pasta, and soap, as many consumers stocked up.

In research published on Wednesday, Ireland’s central bank reported a sharp fall in ATM withdrawals and bank card transactions after the government directed people to stay indoors last month.

ATM withdrawals in Ireland were down 57 percent month-on-month in the first week of April after the first coronavirus restrictions were introduced. Card spending was down one-third in the same period. Average ATM withdrawal amounts “increased markedly” since the government announced it was closing schools on March 12, the central bank said.]]> Thu, 16 Apr 2020 15:32:05 +0400 Kapital Bank 2020-ci ilin I rübünün nəticələrini elan edib https://old.baku.news/gundem/22943-kapital-bank-2020-ci-ilin-rubunun-neticelerini-elan-edib.html https://old.baku.news/gundem/22943-kapital-bank-2020-ci-ilin-rubunun-neticelerini-elan-edib.html
]]> Kapital Bank’s assets as of April 1, 2020 have amounted to 4.4bln. manats, while the volume of the Bank’s credit portfolio has reached 2.04bln. manats.

The total amount of client deposits in Kapital Bank as of April 1, 2020 have amounted to 3.3billion manats.

As of April 1, 2020, the total capital of Kapital Bank after tax deduction was 470million manats, while the ordinary and preference shares was 225million manats.

Kapital Bank has ratings from such international rating agencies as Moody’s and Standard & Poor’s. These ratings are among the highest in the banking sector of Azerbaijan.

Kapital Bank, having the biggest branch network in Azerbaijan, is at the service of customers with 101 branches and 14 departments. For more detailed information about the Bank’s products and services, please refer to www.kapitalbank.az website, 196 Call Centre or the Bank’s various social network pages.

]]> Wed, 15 Apr 2020 10:58:10 +0400 AMB-nin valyuta məzənnələri https://old.baku.news/gundem/22290-amb-nin-valyuta-mznnlri.html https://old.baku.news/gundem/22290-amb-nin-valyuta-mznnlri.html
]]> USD remained unchanged at AZN 1.7000, EUR declined by 0.77% to AZN 1.8594, and RUB dropped 0.46% to AZN 0.0215.

CurrencyExchange rates
1 USD (US dollar)1.7000
1 EUR (Euro)1.8594
1 RUB (Russian ruble)0.0215
1 AUD (Australian dollar)1.0339
1 ARS (Argentinean peso)0.0263
1 BYN (Belarusian ruble)0.6548
1 BRL (Brazilian rial)0.3237
1 UAE dirham0.4628
1 ZAR (South African rand)0.0934
100 KRW (South Korean won)0.1375
1 CZK (Czech koruna)0.0677
100 CLP (Chilean peso)0.1974
1 CNY (Chinese yuan)0.2393
1 DKK (Danish krone)0.2491
1 GEL (Georgian lari)0.5313
1 HKD (Hong Kong dollar)0.2193
1 INR (Indian rupee)0.0223
1 GBP (British pound)2.1055
100 IDR (Indonesian rupiah)0.0103
100 IRR (Iranian rial)0.0040
1 SEK (Swedish krona)0.1693
1 CHF (Swiss franc)1.7565
1 ILS (Israeli shekel)0.4715
1 CAD (Canadian dollar)1.1996
1 KWD (Kuwaiti dinar)5.4348
1 KZT (Kazakhstani Tenge)0.0038
1 KGS (Kyrgyzstani som)0.0206
100 LBP (Lebanese pound)0.1124
1 MYR (Malaysian ringgit)0.3880
1 MXN (Mexican peso)0.0702
1 MDL (Moldovan leu)0.0925
1 EGP (Egyptian pound)0.1079
1 NOK (Norwegian krone)0.1631
100 UZS (Uzbekistani som)0.0178
1 PLN (Polish złoty)0.4040
1 SGD (Singapore dollar)1.1849
1 SAR (Saudi Arabian riyal)0.4516
1 SDR (IMF)2.3220
1 TRY (Turkish lira)0.2534
1 TWD (Taiwan dollar)0.0561
1 TJS (Tajikistani somoni)0.1666
1 TMT (New Turkmenistan manat)0.4857
1 UAH (Ukrainian hryvnia)0.0614
100 JPY (Japanese yen )1.5815
1 NZD (New Zealand dollar)1.0081
Gold (1 ounce)2693.9730
Silver (1 ounce)23.7946
Platinum (1 ounce)1227.0940
Palladium (1 ounce)3874.8355
]]> Thu, 02 Apr 2020 09:33:24 +0400 Azərbaycan Mərkəzi Bankının valyuta ehtiyatları azalıb https://old.baku.news/gundem/22252-azrbaycan-mrkzi-banknn-valyuta-ehtiyatlar-azalb.html https://old.baku.news/gundem/22252-azrbaycan-mrkzi-banknn-valyuta-ehtiyatlar-azalb.html
]]> The foreign exchange reserves of the Central Bank of Azerbaijan (CBA) amounted to $ 6,393.8 million as of March 1 this year, which is by $ 7.1 million or 0.1% less compared to February 1.

The foreign exchange reserves of CBA increased by $ 53 million or 0.8% compared to the beginning of the year, and by $ 615.2 million or 10.6% over the past year.
]]> Wed, 01 Apr 2020 15:44:16 +0400 Azərbaycan Mərkəzi Bankının valyuta məzənnələri (31.03.2020) https://old.baku.news/gundem/22168-azrbaycan-mrkzi-banknn-valyuta-mznnlri-31032020.html https://old.baku.news/gundem/22168-azrbaycan-mrkzi-banknn-valyuta-mznnlri-31032020.html
]]> USD remained unchanged at AZN 1.7000, EUR declined by 0.6% to AZN 1.8737, and RUB stood stable at AZN 0.0214.

CurrencyExchange rate
1 USD (US dollar)1.7000
1 EUR (Euro)1.8737
1 RUB (Russian ruble)0.0214
1 AUD (Australian dollar)1.0515
1 ARS (Argentinean peso)0.0264
1 BYN (Belarusian ruble)0.6533
1 BRL (Brazilian real)0.3273
1 UAE dirham0.4628
1 ZAR (South African rand)0.0948
100 KRW (South Korean won)0.1393
1 CZK (Czech koruna)0.0686
100 CLP (Chilean peso)0.1996
1 CNY (Chinese yuan)0.2399
1 DKK (Danish krone)0.2509
1 GEL (Georgian lari)0.5171
1 HKD (Hong Kong dollar)0.2192
1 INR (Indian rupee)0.0225
1 GBP (British pound)2.0988
100 IDR (Indonesian rupiah)0.0104
100 IRR (Iranian rial)0.0040
1 SEK (Swedish krona)0.1691
1CHF (Swiss franc)1.7709
1 ILS (Israeli shekel)0.4764
1 (Canadian dollar)1.1989
1 (Kuwaiti dinar)5.4015
1 (Kazakhstani tenge)0.0038
1 KGS (Kyrgyzstani som)0.0210
100 LBP (Lebanese pound)0.1119
1 MYR (Malaysian ringgit)0.3950
1 MXN (Mexican peso)0.0711
1 MDL (Moldovan leu)0.0933
1 EGP (Egyptian pound)0.1079
1 NOK (Norwegian krone)0.1619
100 UZS (Uzbekistani som)0.0178
1PLN (Polish złoty)0.4108
1 SGD (Singapore dollar)1.1939
1 SAR (Saudi Arabian riyal)0.4518
1 SDR (IMF)2.3300
1 TRY (Turkish lira)0.2585
1 TWD (Taiwan dollar)0.0562
1TJS (Tajikistani somoni)0.1667
1 TMT (New Turkmenistan Manat)0.4857
1UAH (Ukrainian hryvnia)0.0607
100 JPY (Japanese yen)1.5700
1 NZD (New Zealand dollar)1.0241
Gold (1 ounce)2744.8115
Silver (1 ounce)23.9985
Platinum (1 ounce)1241.6290
Palladium (1 ounce)3990.2230
]]> Tue, 31 Mar 2020 09:42:27 +0400 Vergilərin ödənilməsi müddəti uzadıldı https://old.baku.news/gundem/22086-vergilerin-odenilmesi-muddeti-uzadildi.html https://old.baku.news/gundem/22086-vergilerin-odenilmesi-muddeti-uzadildi.html
]]> Period for submission of declarations and payment of taxes was extended until April 6, BAKU.NEWS informs citing Ministry of Taxes.

The deadline for submission of declarations on profit and property tax of legal entities, income tax of individuals, and payment of taxes was March 31, 2020.

On March 25, 2020, Azerbaijan's Cabinet of Ministers announced the nonworking days of a particular regime in the country. According to the Cabinet of Mınisters, March 29-April 3 will be days off for the five-day working week, while March 26-March 28 and March 30-April 4 will be nonworking for a six-day labor week.

Therefore, according to Article #68.2 of the Tax Code, the period for submission of declarations on profit and property tax of legal entities, income tax of individuals, and payment of taxes was extended until April 6. 
]]> Sun, 29 Mar 2020 14:35:44 +0400 Makroiqtisadi sabitliyin qorunması üzrə İşçi Qrupunun ilk iclası keçirilib https://old.baku.news/gundem/21716-makroiqtisadi-sabitliyin-qorunmas-uzr-ci-qrupunun-ilk-iclas-kecirilib.html https://old.baku.news/gundem/21716-makroiqtisadi-sabitliyin-qorunmas-uzr-ci-qrupunun-ilk-iclas-kecirilib.html ]]> According to the 8th item of the Order #1950 of the President of the Azerbaijan Republic about the series of measures related to reduction of negative impact of coronavirus (COVID-19) pandemic and the sharp fluctuations taking place on the world energy and stock markets due to that pandemic on the economy of the Azerbaijan Republic, macroeconomic stability, employment issues and entrepreneurial entities in the country, the first meeting of the Working Group established under leadership of the chairman of the Central Bank of Azerbaijan was held on March 23, 2020 for development of the list of additional measures aimed at preservation of macroeconomic stability in the country, the Central Bank told BAKU.NEWS.

The meeting was attended by the senior officials of the Central Bank, the Ministry of Economy, the Ministry of Finance, the Ministry of Labor and Social Protection of Population, the State Statistics Committee, the State Oil Fund and the Azerbaijan Banks’ Association.

The negative impacts of the coronavirus pandemic and the sharp drop in oil price on the macroeconomic stability, especially on foreign sector, on inflation, currency market and fiscal balance, as well as on financial stability, especially on the banking sector were discussed and the exchange of ideas regarding the measures aimed at preservation of macroeconomic and financial stability was conducted at the meeting.

In the end of the meeting, a decision was taken to intensify the exchange of information between the institutions represented in the Working Group for deeper assessment of the existing situation and based on results of such assessment, to develop in a short time and to submit in relevant manner the proposals about the extra measures that should be implemented for ensuring the macroeconomic and financial stability including the exchange rate and price stability.]]> Mon, 23 Mar 2020 15:48:48 +0400 Azərbaycan Mərkəzi Bankının valyuta məzənnələri - 12.02.2020 https://old.baku.news/gundem/20773-azerbaycan-merkezi-bankinin-valyuta-mezenneleri-12022020.html https://old.baku.news/gundem/20773-azerbaycan-merkezi-bankinin-valyuta-mezenneleri-12022020.html ]]> USD remained unchanged at AZN 1.7000, EUR rose by 0.03% to AZN 1.8550 and RUB surged by 1.51% to AZN 0.0269.

Currency - Exchange rates

1 USD (US dollar)1.7000
1 EUR (Euro)1.8550
1 RUB (Russian ruble)0.0269
1 AUD (Australian dollar)1.1436
1 ARS (Argentinean peso)0.0278
1 BYN (Belarusian ruble)0.7763
1 BRL (Brazilian real)0.3925
1 UAE dirham0.4628
1 ZAR (South African rand)0.1150
100 KRW (South Korean won)0.1442
1 CZK (Czech koruna)0.0744
100 CLP (Chilean peso)0.2145
1 CNY (Chinese yuan)0.2441
1 DKK (Danish krone)0.2483
1 GEL (Georgian lari)0.5937
1 HKD (Hong Kong dollar)0.2189
1 INR (Indian rupee)0.0239
1 GBP (British pound)2.2029
100 IDR (Indonesian rupiah)0.0124
100 IRR (Iranian rial)0.0040
1 SEK (Swedish krona)0.1765
1 CHF (Swiss franc)1.7424
1 ILS (Israeli shekel)0.4976
1 CAD (Canadian dollar)1.2799
1 KWD (Kuwaiti dinar)5.5799
1 KZT (Kazakhstani tenge)0.0045
1 KGS (Kyrgyzstani som)0.0243
100 LBP (Lebanese pound)0.1125
1 MYR (Malaysian ringgit)0.4110
1 MXN (Mexican peso)0.0912
1 MDL (Moldovan leu)0.0965
1 EGP (Egyptian pound)0.0965
1 NOK (Norwegian krone)0.1839
100 ‎UZS (Uzbekistani som)0.0178
1 PLN (Polish złoty)0.4359
1 SGD (Singapore dollar)1.2265
1 SAR (Saudi Arabian riyal)0.4533
1 SDR (IMF)2.3286
1 TRY (Turkish lira)0.2822
1 TWD (Taiwan dollar)0.0568
1 TJS (Tajikistani somoni)0.1754
1TMT (New Turkmenistan Manat)0.4857
1 UAH (Ukrainian hryvnia)0.0695
100 JPY (Japanese yen)1.5478
1 ‎NZD (New Zealand dollar)1.0977
Gold (1 ounce)2664.5205
Silver (1 ounce)29.9433
Platinum (1 ounce)1650.9805
Palladium (1 ounce)3986.6105
]]> Wed, 12 Feb 2020 09:47:01 +0400 "Premium Bank" yeni kart təqdim edib https://old.baku.news/gundem/20601-premium-bank-yeni-kart-teqdim-edib.html https://old.baku.news/gundem/20601-premium-bank-yeni-kart-teqdim-edib.html ]]> In partnership withAzerbaijan Airlines and VISA international payment technologies company,Premium Bank has launched premium co-branded card called Visa Signature Miles. This card is the eighth for the number of Miles cards issued so far. The relevant agreement within the framework of this co-brand project was signed between Elchin Ahmadov, Chairman of Supervisory Board of Premium Bank, and Cristina Doros, VISA Regional Manager for Caucasus countries.

Elchin Ahmadov, Chairman of Supervisory Board of Premium Bank, noted:

“I would like to draw to your attention that “Visa Signature”is the fourth joint project between Azerbaijan Airlines, VISA international company,and Premium Bank Open Joint Stock Company. So far, our co-signed projects have been a huge success.

“Visa Signature” provides numerous advantagesin any country of the globe. Apart from speedy accrual of miles, it enables its holders to enjoy business lounges in over 1,200 airports,as well as provides free service of "Visa Fast Line" in Heydar Aliyev International Airport and will facilitate to other innovation-driven solutions. One of its distinctive features is the availability of Visa Signature Concierge service, which is provided 24x7 in any country around the globe.

In the meantime, we are planning to install new POS-terminals in nearly 500 legal entities throughout 2020. This step, in its turn, shall positively contribute to cashless transfer reforms that are gaining traction in our country.”

Cristina Doros, VISA Regional manager for Caucasus countries, remarked:
“Consumers today tend to give preference to new experience and impressions. Global trends tell us that consumers strive to discover themselves in a new environment, to learn about the world, and get acquainted with new cultures. Visa Signaturecard has been designed for active people with high travel requirements for travel arrangements, be it a business trip of a dream adventure. With Visa Signature, one can conveniently plan the trip and travel, pay in a fast and secure manner, save timeon travel arrangement issues, and at the same time enjoy numerous additional benefits from both Visa and the bank. We congratulate our partners on launching the new payment card and wish pleasant travels to all its holders.”

Benefits provided by Visa Signature Miles card:

• On purchase of Visa Signature Miles card, you get 400 gift points
• For every 10 manat spent in the country is charged 1 point
• For every 5 manat spent abroad is charged 1 point
• For every 7.5 manat spent in Premium Club Program is charged 1 point
• For every 35 manats spent for payments to the state budget, customs duties, taxes, traffic fines, APUS payments is charged 1 point
• You will become a member of the "Premium Club" cashback programwww.premiumbank.az/cashback/;
• Card holders can benefit from the Priority registration desk at Haydar Aliyev International Airport Terminal 1, zone A. Tetraveller's who are with card holder can also benefit from the registration.
• You will get gift certificate for a one-off visit to the Salam Lounge hal
• You can enjoy the services of Salam Lounge, Khazri Lounge and Baku Club halls located in terminal 1 of the Heydar Aliyev International Airport on exclusive terms
•Cardholders may use a new service called “Visa Fast Line” at the Heydar Aliyev International Airport and to enjoy this service, they shall present their card at “Salam Service” counter. Free use 10 times a year
•Right to attend over 1,200 business lounges,plus free visits to lounges 4 times in a year under the “Lounge Key”program. The fifth and more visits will cost 32 USD (https://www.loungekey.com/en/visacisseeloungeprogramvs)
•24x7 Visa Signature Concierge service in any country of the world. Call Centre: +380 44 499 39 75
• Global customer support service - (lost cards blocking 24x7, emergency cash issue in 27,000 points globally, emergency card replacement within 24 hours, 24x7 responding to card holders’ inquiries) Call Centre: +380 44 499 39 75
• International medical and information support to travellers(medical consultation, doctor call, information about vaccinations in the country of destination, information about medical institutions in receiving country) Call Centre: +380 44 499 39 75
• Digital Concierge (chatbot) - Concierge chatbot is your personal assistant,who is ready to help you 24x7. You can connect via threemessenger apps (WhatsApp, Telegram, Viber). The service is provided in three languages: Azerbaijani, English, and Russian.
• Medical and insurance support: Comprehensive insurance during travel (expenses related to medical assistance, accidents, flight cancellation or delay, third party liability in case of car rent, loss of luggage, injuries inflictedduring extreme sport activities and other forms of insurance services). Insurance also covers the spouse and children (up to 5 persons) traveling together with the card holder. Call Centre: +380 44 499 39 75 https://cardholderbenefitsonline.com/
• Compensation for the flight and luggage delay and purchase protection - https://cardholderbenefitsonline.com/
• Fast track service in the National airport of Minsk (for details, see visa.com.by. Detailed terms of service can be obtained at the information counter on the 3rd floor of the Airport.)
•Fast track service in the National Airport Borispol (Kiev) (For details, see visa.com.ua) – covers arrivals and departures
• Free luggage wrapping in Borispol (Kiev) airport (2 items a year)
• 50% discount on Uber services in Borispol and Kiev airports. Enter promo-code VISAPREMIUMUA in the app.
• 12% discount for hotel booking at agoda.com
• 35% discount for car rental from the world scale companies (see www.avisworld.com/visa)
• Exclusive services in hotels-members ofVisa Luxury Hotel Collection - https://www.visaluxuryhotels.com/
• Priority boardingservice by yQ Meetup to 25% discount. The yQ services will provide passage without any queues, individualescort service in more than 240 airports around the world - www.cemea.yqnowgroup.com
• Discounts and special offers in Azerbaijan - www.visa.com.az/az_az/visa-offers-and-perks
•ATM cash withdrawal limit – 10,000 AZN/USD/Euro.

In this way, “Premium Bank Miles”is a joint payment card, which combines advantages of a bank card and benefits of participationin the Azal Milesprogram. Paying for daily purchases and services with a Miles card, a cardholder collectspoints at their balance. The points are accrued in any world currency on payment (in AZN equivalent). Those points are also collected by flying in Azerbaijan Airlines (AZAL). A card holder can use accumulated milesto buy a free air ticket (business and economyclass) of AZAL, or upgrade the class of service.

You can order a Visa Signature Miles card from Premium Bank online at: www.premiumbank.az/en/for-life/plastic-cards/miles-kartlar/visa-signature-miles-1/

For detailed information on the Bank’s products and services, please visit the webpage www.premiumbank.az or the Bank’s official page on Facebookwww.fb.com/premiumbank.az, or contact our call center by dialling (012) 931.
]]> Mon, 03 Feb 2020 14:33:55 +0400