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
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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