The assets of Bank of Baku in the third quarter of 2016 compared to the second quarter decreased by 6.4% (37 million 844.54 thousand manat), amounting to 549 million 542.43 thousand manat, the bank said.
During the reported period the bank's liabilities amounted to 498 million 990.24 thousand manat, decreasing by 4.5% (23 million 664.74 thousand manat).
The bank’s capital was reduced by 14 million 179.79 thousand manat (21.9%) and amounted to 50 million 552.19 thousand manat.
The bank’s funds increased by 2 million 114 thousand manat since the beginning of 2016, reaching 114 million 358 thousand manat. ---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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