Total assets of Azerbaijani banks increased in July 199.8 million or 1.4% to 14,978.6 mln. Since the beginning of the banking assets grew by 7.4% and for the year by 1,701.6 million or 12.8%.
According to the Central Bank of Azerbaijan, credit investments on August 1 totaled 10,515.3 bn, a decrease in the reporting period by 0.4%. Over the past year, lending to the economy grew by 18.4%.
Deposits in banks in July increased 42.6 million or 1%, to 4,415.2 million manat. This indicator in 2012 grew by 7.2%, and for 12 months - 25%.
The aggregate capital of the banking sector increased in the reported period by 21.2 million or 1% reaching 2,130.6 million manat. During the year the figure rose by 108.8 million or 5.4%. - 15B -
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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