Azerbaijani banks gradually restore currency sale - MONITORING

Azerbaijani banks gradually restore currency sale - MONITORING Report conducted monitoring of currency market
Finance
January 13, 2017 15:07
Azerbaijani banks gradually restore currency sale - MONITORING

Baku. 13 January. REPORT.AZ/ Commercial banks operating in Azerbaijan started to restore cash currency sale. Meanwhile some banks refuse to sell currency, while majority set various limits.

Report’s monitoring revealed that AG Bank manage only purchase of foreign currency and reject buying requests. Damirbank, Muganbank, Khalg Bank and Ziraat Bank Azerbaijan also reject any sale of foreign currency.

Currently, Atabank, International Bank of Azerbaijan, AFB Bank, Azerbaijan Industrial Bank, CDB Bank, Nikoil Bank, Bank Avrasiya and Bank BTB (only braches) sell US dollar depending on cash balance. It means that they sell cash to buyer, only if it’s available.

Azer-Turk Bank set 10 thousand USD daily limit for sales. 100-150 per buyer is available in Amrahbank’s head office, but Euro is not available for sale. Limits vary in branches. Currency selling limits in some other banks are as follows: Rabitabank – 1000 USD, Silkway Bank – 300 USD or 200 EUR, Turanbank – 500 USD (there is no sale in head office), Unibank – 3000 USD, Bank of Baku – 1000 USD (in Head Office, Central branch and S.Vurgun branch), Kapital Bank – 5000 USD/EUR, Bank VTB (Azerbaijan) – 1000 USD/EUR or RUR equal to 1000 USD, Accessbank 200 USD/EUR.

Although PASHA Bank doesn’t sell cash currency, but currency is available in cash machines (holders of PASHA Bank cards are charged 2% fee on official exchange rate)

YapiKredi Bank Azerbaijan sells currency only to its customers. Bank Respublika and Gunaybank reportedly sell foreign currency without limit. 

Dollar (USD/AZN) Euro (EUR/AZN) Ruble (RUB/AZN)
  Purchase Sale Purchase Sale Purchase Sale
1 Atabank 1,8000 1,8700 1,9000 1,9850 0,0300 0,0315
2 International Bank of Azerbaijan 1,7867 1,8700 1,8591 1,9919 0,0298 0,0319
3 AFB Bank 1,8200 1,8650 1,8780 1,9920 - -
4 Azerbaijan Industry Bank 1,8200 1,8700 1,8800 1,9900 - -
5 Azer-Turk Bank 1,7800 1,8650 1,8900 1,9900 - -
6 Amrahbank 1.7867 1.8700 1.8900 1.9900 0,0301 0,0315
7 AGBank 1,7800 1,8800 1,8780 2,0149 - -
8 BTB Bank 1,8000 1,8730 1,8910 2,0000 0,0299 0,0316
9 Caspian Development Bank 1,7900 1,8580 1,8300 1,9700 0,0290 0,0313
10 Demirbank 1,7800 1,8750 1,8780 2,0000 0,0298 0,0318
11 Expressbank 1,7867 1,8750 1,8900 1,9950 0,0300 0,3150
12 Rabitabank 1,8000 1,8700 1,9120 1,9890 0,0303 0,0316
13 Silkway Bank 1,7860 1,8750 1,8970 2,0000 0,0290 0,0314
14 Turanbank 1,7700 1,8700 1,8900 1,9980 0,0290 0,0317
15 Muganbank 1,7900 1,8710 1,8690 1,9010 0,0297 0,0316
16 Bank Nikoil 1,7800 1,8600 1,8900 1,9900 0,0300 0,0315
17 Unibank 1,7900 1,8700 1,8591 1,9919 0,0298 0,0316
18 Bank Respublika 1,7867 1,8600 1,8970 1,9750 0,0301 0,0314
19 PASHA Bank 1,8100 1,8650 1,8890 1,9801 0,0299 0,0314
20 Bank of Baku 1,7850 1,8700 1,8950 1,9720 0,0300 0,0315
21 Xalq Bank 1,7867 1,8700 - - - -
22 Ziraat Bank Azerbaijan 1,8000 1,8800 1,8150 1,9900 - -
23 Gunaybank 1,7500 1,8700 1,8600 2,0000 - -
24 KapitalBank 1,7867 1,8720 1,8833 1,9900 - -
25 Bank VTB Azerbaijan 1,7867 1,8700 1,8970 1,9860 0,0301 0,0315
26 Yapı Kredi Bank Azərbaycan 1,8200 1,8750 1,8000 2,0100 - -
27 Accessbank 1,7850 1,8670 1,8780 19823 0,0301 0,0317
28 Bank Avrasiya 1,8000 1,8700 1,8600 1,9800 0,0290 0,0310
29 NBC Bank 1,8000 1,8700 1,8900 2,0050 0,0290 0,0313
30 Naxçıvanbank 1,7867 1,8710 1,8914 1,9865 0,0296 0,0315
31 Bank Melli Iran-Baku 1,8200 1,8800 1,9200 1,9800 - -
32 Pakistan National Bank-Baku - - - - - -

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