Assets of Muganbank as of October 1 amounted to 368,560,000 manat (+ 9.9% compared to the same period last year). The loan portfolio of the bank amounted to 281,220,000 manat (+ 27.8%), with commitments of 315,100,000 manat (+ 9.2%) and the deposit accounts were 143 940 000 manat (minus 5.3%) .
The bank’s capital as of 1 October was 53,460,000 manat (+ 13.9%), and the share capital was 45,310,000 manat (+ 9.7%).
The net profit was at the level of AZN 6,619,670.
Muganbank was formed in November 1992. Its shareholders are 4 individuals. --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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