The assets of AFB Bank in the third quarter of 2016 compared to the beginning of the year decreased by 14 million 891 thousand manat (4.8%), amounting to 293 million 839 thousand manat.
The bank's liabilities for the period decreased by 10.5% (24 million 450 thousand manat) to 207 million 914 thousand manat.
Deposits in the bank for three quarters of the current year amounted to 99 million 406 thousand manat. In the structure of deposits demand deposits of legal entities amount to 77 million 543 thousand manat and time deposits of legal entities were 876 million 76 thousand manat.
Demand deposits of individuals amounted to 16 million 69 thousand manat, while time deposits of individuals were 4 million 916 thousand manat.
The bank's capital in the first nine months of 2016 increased by 12.5% (9 million 559 thousand manat) and made up 85 million 925 thousand manat.
Over three quarters AFB bank had 4 million 341 thousand manat of net profit. ------71D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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