The assets of Bank Silk Way fell to 10 million 562 thousand mantas in Q2, reaching 364 million 400 thousand manats.
The capitalization of the bank compared to the fourth quarter of 2015 increased by 3.1% to 106 million 652 manats.
The bank's loan portfolio, compared to last year, increased by 2 times reaching 346 million 257 thousand manats, but compared to the first quarter of this year it decreased by 6 million 308 thousand mantas.
The deposit portfolio increased by 1.8% and reached 148 million 207 thousand manats, the website of Bank Silk Way reported. -0-
Economics
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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.
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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.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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