Azerbaijan Industrial Bank (Azerbaijan Senaye Banki) assets rose by 0.67% in the third quarter of 2016 (4 million 247.880 thousand manat), amounting to 636 million 406.150 thousand manat.
According to Turan, during the reporting period, the bank's liabilities amounted to 552 million 586.070 thousand manat (an increase of 0.44%, or 2 million 462.229 thousand manat).
In the third quarter, the bank's capital increased by 1 million 785.660 thousand manat (2,17%), amounting to 83 million 820.090 thousand manat.
During this period, the bank's profit amounted to 5 million 991.670 thousand manat. -----71D
Economics
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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Azerbaijan’s state-owned electricity producer, Azerenergy, is advancing the construction of six hydroelectric power plants (HPPs) in the Kalbajar and Lachin districts as part of the country’s efforts to expand its renewable energy capacity. The plants, with a combined capacity of 37.5 megawatts (MW), are expected to be commissioned in the first half of 2025, according to the company.
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