BAKU/24.12.13/TURAN : Assets of Azerbaycan Kredit Banki declined for three quarters of this year by 6% to 20.62 million manat. The loan portfolio as of October 1, amounted to 26.36 million manat, of which 17.26 million or 64.4 % accounted for overdue loans.
The total liabilities of the bank during the reporting period decreased from 18.27 million to 16.11 million manat. The deposit portfolio decreased by 3.3% to 8.85 million manat. Of these, 7.28 million manats were timed deposits.
The equity capital increased to 4.51 million manat. The aggregate capital decreased during the year by 32% to 4.36 million manat and the paid charter capital remained at 11.43 million manat.
Income and expenses of the bank equaled 1.02 million manat and 3.32 million manat, respectively. Following activities for January-September, the bank posted a loss of 2.3 million manat. - 15D -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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