Assets of AFB Bank fell in January-June 2013 by 3.8%, to 222.64 million manat. Lending to individuals and legal entities increased by 15.7% and amounted to 156.53 million manat.
The total liabilities of the bank declined from 183.68 million to 171.19 million manat. Deposit portfolio decreased by 17% to 70.24 million manat, including term client investments decreased by 31% to 5.06 million manat.
Balance sheet assets amounted to 51.44 million manat, and the total capital - 49.37 million manat. Paid charter capital remained unchanged at 42.34 million manat.
The bank's earnings were equal to 8.75 million manat, and expenses were 5.49 million manat. Net profit after tax amounted to 3.26 million manat. - 15B -
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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