The assets of JSC Khalg Bank declined last year to 1 billion 268,030,000 manat (minus 1.1%), which affected the amount of total liabilities - 1 billion 46 million 327 thousand manat (minus 1.8%).
According to the financial statements of this bank, the loan portfolio for the year increased by 6.1% to 1 billion 57.6 million manat, and the deposit portfolio decreased by 8.3% to 778 million 609 thousand manat, where deposits from the public are estimated at 639 million 26 thousand manat (+ 6.7%). That is, corporate participants leave the game.
The bank's capital by the beginning of this year amounted to 221 million 700.52 thousand manat (+2.2%) at the authorized capital of 197 million 125.29 thousand manat (+ 7.3%).
The net profit for last year was 15 million 490.06 thousand manat.
Xalg Bank received its banking license on December 30, 2004. Its shareholders are three entities: LLC Euro Standard, LLC Ideal Business and LLC Avant-garde. --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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