The assets of JSC Bank Silk Way by the beginning of the year amounted to 368 million 153 thousand manats (+ 58.2% yoy).
Most (2.6-fold) increased deposits - up to 140 million 395 thousand manats and deposits of the population - 2.9 times to 129 million 307 thousand manats. The bank's liabilities increased by 2.1 times - up to 261 million 85 thousand manats.
The bank's loan portfolio by 1 January was equal to 346 million 953 thousand manats (+ 94%). The equity remained unchanged at 107 million 68.42 thousand manats.
The bank worked the past year with a net profit of 1.7 million manats.
JSC Bank Silk Way (former Azal Bank) with registered capital of 101 million 544.89 thousand manats has been in effect from 25 January 2008. Its shareholders are two individuals and one legal entity. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review