The assets of JSC Azerbaijan Credit Bank by January 1 of this year amounted to 21 million 698.46 thousand manat (+ 10.9% versus the same period last year).
As stated in the financial statement supported by the auditor's report, the loan portfolio is 16 million 426.77 thousand manat (minus 11.2%), with the commitment at the level of 16 million 609.16 thousand manat (+ 7.2%).
The bank's capital is equal to 5 million 89.3 thousand manat (+ 25.1%) and the share capital is the same - 11 million 429.376 thousand manat.
The net profit for the last year amounted to 1 million 21.29 thousand manat.
JSC Azerbaijan Credit Bank received a license to operate in December 2005. Its shareholders are 3 natural persons with the following shares: 36.64%, 35.56% and 27.8%, respectively. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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