The net income of the Azerbaijan Industrial Bank in the first half of 2016 amounted to 4,522,000 manats.
The bank's assets since the beginning of the year have decreased by 9% (62,488,414 AZN) and amounted to 627,910,676 manats in the end of H1, 2016.
The bank's liabilities for the reporting period amounted to 550,264,106 manats, decreasing since the beginning of the year by 10% (61,884,754 AZN).
During the first half of this year, the bank’s capital decreased by 0.7% compared to the end of 2015 (603,606 AZN) and amounted to 77,646,570 manats. ----72D
Economics
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Azerbaijan's Small and Medium Business Development Agency (SME) and the Iraqi Federation of Chambers of Commerce have formalized a significant step towards enhancing bilateral economic ties with the establishment of the Azerbaijan-Iraq Business Council. The agreement, signed by Orkhan Mammadov, Chairman of the Board of Directors of SME, and Abdulrazag Al-Zuheir, President of the Iraqi Federation of Chambers of Commerce, comes within the framework of the Azerbaijan-Iraq Business Forum.
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Azerbaijan officially presented the updated digital government platform "myGov" at an event on September 17 in Baku, marking a significant step in the country's digital transformation. The event was attended by government officials, private sector leaders, media representatives, and industry experts.
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Minister of Economy Mikail Jabbarov held a meeting with the World Bank's Regional Director for Sustainable Development for Europe and Central Asia, Sameh Naquib Vahba, to review the ongoing and potential areas of collaboration between Azerbaijan and the World Bank. Both sides expressed their satisfaction with the progress made in joint projects aimed at boosting economic diversification and infrastructure development in Azerbaijan.
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Azerbaijan officially presented the updated MyGov digital government platform today in the capital city of Baku, marking a significant milestone in the nation’s ongoing digital transformation.
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