The assets of JSC AGBank increased by 6.9% YTD - to 499 million 678 thousand manats.
According to the financial statements for the first half of the year, the loan portfolio on July 1, 2014 amounted to 374.674 million manat (12.5%). The bank's liabilities are 428,028,000 manats. Deposits in the bank at the end of June amounted to 277.654 million manat (1.7%), of which household deposits were 234.882 million manat.
Shareholders' equity as of July 1, 2014 was 51,219,300 manats, nearly half of which - 25 million AZN falls on equity. The bank completed the first half of the year with a net profit of 3.256 million manat.
JSC AGBank was founded in 1992. Its shareholders are the International Finance Corporation (17.5%), the company Kazimir Partners (10%), and individuals (70.59%), other shares belonging to other private and public enterprises. -17D-
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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