Assets of AGBank increased in January- September 2013, up 25.6 %, reaching 435.29 million manat. The volume of issued and corporations loans grew by 26 % and amounted to 314.44 million manat.
Total liabilities of the bank increased from 299.53 million to 383.44 million manat. The deposit portfolio increased by 13.8 % to 250.86 million manat, including term client investments increased by 15.2 % to 179.72 million manat.
The balance capital grew by 10.7 %, reaching 51.86 million manat, and the total capital - 19.5 % higher than 50.92 million manat. The paid charter capital remained unchanged at 25 million manat.
The bank's earnings were equal to 42.77 million manat and the expenditures were AZN 36.62 million, an increase compared to the same period in 2012 respectively by 22.6 % and 26 %. The net profit after tax increased 0.6 % to 3.41 million manat. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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