The assets of Pasha Bank, by December 1 amounted to 1 billion 159,910,000 manat (+ 85.24 million in November).
As stated in the financial structure, at the end of November 2014 the return on its equity (RoE) was 10%, a record figure for the same this position (18%) was recorded in February of this year. Return on assets (RoA) in November was estimated at 1%.
The equity capital by December 1 (per month) increased from 341.68 million to 342,350,000 manat at the constant authorized capital of 333 million manat.
The profit before tax stood at 24.28 million manat. The net profit is equal to 13,730,000 manat. --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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