Assets of "Pasha Bank" increased in January-August of this year by 7.5%, reaching 613.32 million manat. The volume of issued and corporate loans grew by 25% to 306.62 million manat.
The deposit portfolio amounted to 335.6 million manat, of which 178.32 million manat was term client investments that increased in the reported period by 12.42 million or 7.5%.
The aggregate capital increased by 25% over 178.22 million manat, and the paid charter capital - by 27.1% to 157 million manat.
The bank's earnings were equal to 38.5 million manat and the expenditures - 26.6 bn, an increase compared to the same period last year by 42% and 64.6%. The net income increased by 5.4% to 11.94 million manat.
The total number of issued active cards increased for eight months in 2012 by 3,005 units or 2.7 times to 4,810 units. During the reported period, the bank mounted two additional ATMs, bringing the total number of the equipment up to 11 units. - 15B -
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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