The assets of JSC Unibank increased 14.1% and made up 844,020,000 manat by January 1.
According to the financial structure, the loan portfolio is 711,140,000 manat (+ 19%) and the deposits are 475,030,000 manat (+ 13.2%), including deposits of the population at 427,580,000 manat (+ 14%).
The liabilities, including long-term ones, are 712,780,000 manat (+ 12.3%).
The authorized capital of the bank by January 1 was unchanged at 70 million 565.23 thousand manat, and the equity was 131 million 239.3 thousand manat (+ 25.1%).
The bank had a net profit of 38 million 985 thousand manat.
JSC Unibank was created in October 2002. The main part (66.21%) of the authorized capital is owned by individuals, and 33.79% - by legal entities, including 12.15% of EBRD and 6.68% of German DEG. --17D-
Economics
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Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
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Azerbaijan has witnessed a significant rise in the average nominal monthly wages of salaried workers, with an 8.3% increase recorded from January to July of this year compared to the same period in 2023. According to data released by the State Statistics Committee, the average nominal monthly salary reached 1,002.4 manats, as the country experiences both economic growth and sectoral shifts.
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The Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, recently hosted a high-level delegation led by Elisabetta Falcetti, the Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). The meeting, held in Baku, focused on key initiatives to bolster the sustainable development of Azerbaijan’s financial sector and expand access to financing for the country’s real economy. Among the most pressing topics was the EBRD's support for Azerbaijan’s ongoing green transition.
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Recently, the prices of certain food items have increased in Azerbaijan. This is also reflected in the data released today, September 11, by the State Statistics Committee (SSC). It was noted that in August, compared to July, there were price increases in rice, beef, lamb, sausage products, butter, olive oil, and onions.
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