The assets of Bank Avrasiya in 2016 grew by 20 million 103 thousand manat compared to 2015, or 16.3%, amounting to 143 million 417 thousand manat.
The bank's liabilities for the specified time increased by 18 million 682 thousand manat or 25.89% and reached 90 million 840 thousand manat.
The volume of deposits in the bank during this period increased by 31.93% (9 million 324 thousand manat) to 38 million 519 thousand manat.
The bank's capital for the reporting period rose to 52 million 576 thousand manat (an increase of 1 million 421 thousand manat or 2.7%).
The bank's loan portfolio at the end of 2016 amounted to 90 million 189 thousand manat (an increase of 8 million 411 thousand manat or 10.28%).
The bank completed 2016 with a profit of 920.9 thousand manat. ----71D
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review