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
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
Leave a review