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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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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