Azerbaijan Senaye Banki Invests Mainly in Industry
The total loan portfolio of Azerbaijan Senaye Banki (ASB) amounted to 168 million 777.55 thousand manats last year (+0.9% to the end of 2014).
The share of investment in industry amounted to 42.2% or 71 million 168.15 thousand manats (+5.2% per year). Individuals were allocated 14 million 948.83 thousand mantas and agricultural industry representatives were allocated 18 million 415.08 thousand manats. Trade and services were invested 52 million 467.43 thousand manats and the construction sector was invested 7 million 539.38 thousand manats.
JSC Azerbaijan Senaye Bank» with a capital of 71 million 584.08 thousand manats was founded in 1996. The main shareholder is LLC Anadolu Investment Company with 94.2517% of the shares. OJSC Azerbaijan Senaye Sigorta has 5.1735%, and LLC Azerbaijan Senaye Leasing has 0.5748%. The authorized capital is 60 million AZN. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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