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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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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