The assets of the "Azer Turk Bank" in 2016 compared to 2015 decreased by 196. 870 manats, or 29.1%, amounting to 475.794.000 manats. According to Turan, over the year the bank granted loans amounting to 150.162.000 manats, which is by 63.27% less than the loans issued in 2015, or 258.698.000 manats. Consumer loans in 2016 were issued in the amount of 31.453.000 manats, while in 2015 it amounted to 30. 980.000 manats. The bank's liabilities during the reporting period decreased by 204.161.000 manats or 32.97%, to 414. 903.000 manats. The volume of deposits in "Azer Turk Bank" rose to 267. 976.000 manat (an increase of 25.017 manat or 10.29%.)
Population's deposits in the bank over for the year decreased by 23% or 40.760.000 manats, reaching 135.954.000 manats. The bank's capital in 2016 increased by 13.3% or 6.792.000 manats, and reached 57. 683.000 manats.
Over the year the number of bank branches increased from 7 to 11, the number of POS-terminals from 48 to 130, the number of ATMs from 12 to 16 and the number of employees from 313 to 382.
In 2016, customers' of Azer Turk Bank " have been issued 27. 960 plastic cards, and in 2015 – 16. 445 cards were issued in 2015.In 2016, the bank’s profit was 7.337.000 manats. The bank's authorized capital amounts to 50.000.000 AZN. 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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