Total assets of Azerbaijani banks increased in November by AZN 511.29 million or 3.1% to AZN 16,821.2 million ($ 21.4 billion). Since the beginning of the year banking assets grew by 20.6% and for the year they grew by 3,156.5 million or 23.1%.
According to the Central Bank of Azerbaijan, on December 1, 2012 the amount of cash in banks totaled 624.2 million manat, funds in correspondent accounts amounted to 1,080.5 million manat, lending financial sector - 736.4 million manat, crediting customers - 10,493.3 mln AZN, investments - 1,436.4 million manats, and other assets - up to 2,450.3 million manat.
The banks' liabilities increased in the reported period by 446.32 million or 3.2% to 14,352.87 mln. Of these, 7,428.8 million manat was provided by deposits, 4,883.3 million manat - by the financial sector and 2,040.8 million manat - by other liabilities.
The total capital of banks increased over the year by 116.1 million or 5%, and in November - by AZN 65 million, or 2.7 percent to 2,468.3 million ($ 3.1 billion). - 15B -
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review