BAKU/30.01.14/TURAN : Total assets of Azerbaijani banks widened in December last year by 201.5 million or 0.9% to 20,385.1 million manat. From the beginning, the bank's assets increased by 23.3 %.
According to the Azerbaijani Central Bank , credit investments at 1 January 2014 amounted to 14,989.8 million manat, increasing the reporting month by 77.6 %. Over the last year the lending of the economy grew by 25.3 %.
Deposits in banks in December decreased by 23.8 million or 0.4 %, to 6,395.8 million manat. This figure from the beginning of the year grew by 25%.
The total capital of the banking sector increased in the reporting month by 84 million or 2.6% amounting to 3,426.2 million manat. During the year the figure rose by 853.2 million or 33.2% . In many ways, this growth was caused by the CBA decision about a fivefold increase in requirements to the minimum level of total capital of banks. The decision was due to come into force on 1 January this year, but then for reasons of financial stability the oversight body has delayed its performance for the year . - 15B -
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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