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
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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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