Assets of Ata Bank decreased by 125 million 727 thousand manat or 21% in 2016 compared to 2015, to 472 million 541 thousand manat.
According to Turan, for the specified time the bank liabilities decreased by 130 million 520 thousand manat, or 24%, to 412 million 730 thousand manat.
The volume of bank deposits is 269 million 591 thousand manats, including call deposits of individuals that make up 24 million 662 thousand manat and those of legal entities - 40 million 536 thousand manat.
Timed deposits of individuals are 203 million 142 thousand manat, and those of legal entities are 1 million 250 thousand manat.
Ata Bank’s debt to the Central Bank of Azerbaijan is 10 million manat.
The bank's capital for the reporting period increased by 4 million 794 thousand manat, or 8.71%, to 59 million 811 thousand manat.
In 2016, the bank had a profit of 340 thousand manat. --71D
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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