Deposit portfolio of Azer-Turk Bank decreased during the 9 months of this year by 5.6% to 29.79 million manat, including term client investments that decreased by 33.5 percent to 13.5 million manat.
Loan portfolio as of October 1 totaled 49.62 million manat, of which 21.68 million manat fell on consumer loans individuals. The share of overdue loans in the total portfolio, compared with the beginning of the year increased by 0.90 percentage points, to 6.73%, and in the portfolio of consumer loans - by 0.70 percentage points to 2.6%.
Balance capital of the bank in January-September decreased by 2.3% to 13.36 million manat. Total and authorized capital of the bank amounted to 13.29 million and 11.62 million manat. -15B -
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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